The following data are available for the month of April for Dubai Company. The physical count at the end of the month showed that 130 units are still available in the store. Assume the company uses LIFO to account for its inventories and cost of goods sold. Date April 1 inventory No. of Units/cost per unit 120 units at $8.00 each April 10 purchase 200 units at $8.20 each April 20 purchase 410 units at $8.50 each April 28 purchase 110 units at $9.00 each Note: Assume no spoilage of theft. Required: 1. Calculate the sales revenues for the month April assuming a selling price of $15 a unit. 2. Calculate cost of goods sold & cost of ending inventories to be reported at the end of April. 3. Calculate the gross profit for the month of April. 4. It is the mid-day of April 30 and in few hours, you will be submitting a report of April Activities. You are concerned that you have not achieved you target gross profit for the month of April. Your accountant wanted to help and suggested that you may do that by returning the last purchase you made yesterday on April 28. Do you agree with her? Explain