Units 705 Opening inventory Purchase #1 200 Purchase #2 175 Cost or Selling Total Price per unit Cost $ 10.00 $1,050.00 $ 10.50 $2,100.00 $ 10.80 $1,890.00 $ 22.00 $ 11.00 $1,375.00 $ 22.00 $ 22.50 Sale #1 150 Purchase #3 125 Sale #2 140 Sale #3 80 Required: (NOTE: Round all calculations to 2 decimal places) a) Using the FIFO method, determine the value of ending inventory and cost of goods sold for 2020, b) Calculate the gross profit amount for 2020 for Virus Corp, assuming the company uses the FIFO method of inventory valuation c) Using the perpetual weighted average method, determine the value of ending inventory and costs of goods sold for 2020 d) Calculate the inventory turnover ratio using the FIFO information in part (a). e) If the industry standard for inventory turnover is 2.5 times per year is Virus Corp's ratio good or bad? Explain briefly