Malik Trading Company uses the FIFO Perpetual Inventory System and had the following purchases and sales transactions for the month of December. (8 Marks) Date Transaction Units Price in OMR Total in OMR 1-Dec Beginning Inventory 1.50 37.50 3-Dec Purchase Purchase 100.00 18-Dec Sales (at retail price) 25-Dec Purchase 30-Dec Sales (at retail price) 125.00 1. Compute total goods available for sale in units 1 mark 25 30 54.00 15-Dec 50 75 1.80 2.00 5.00 2.20 5.00 375.00 88.00 40 25 2. Compute total amount of goods available for sale (in OMR) 1 mark 3. Compute total sales in units 1 mark 4. Compute total amount of sales (in OMR) 1 mark 5. Compute the ending inventory in units 1 mark 6. Compute the cost of goods sold using FIFO Perpetual 1 mark 7. Compute the cost of ending inventory using FIFO Perpetual 1 mark 8. Compute gross profit using FIFO Perpetual costing method 1 mark