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QUESTION 5 (12 marks) A review of the Double Rainbow Corporation shows the following purchases and sales: Cost Units per unit Jan 1 Beginning inventory 150 units at $ 64.00 9,600- March 3 Purchases 300 units at $ 78.40 23,5204 April 7 Purchases 210 units at $ 66.00 13,860- Aug. 21 Sales 330 units at $114.00 Oct. 3 Purchases 90 units at $ 80.00 7,2004 Dec 15 Sales 192 units at $144.00% REQUIRED: Calculate the following. Show all calculations to receive full marks. , Calculate the number of units in ending inventory. (3 marks) Answer: ii. Calculate FIFO total dollars in ending inventory based on the perpetual method (3 marks) tt Answer: $ iii. Using FIFO based on the perpetual method, calculate the total gross profit in dollars. (3 marks) tttt Answer:$ iv. Using the weighted average method based on the periodic method, calculate the total dollar amount in ending inventory. (3 marks) Answer:$