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Virus Corp. had the following transactions for 2020 Cost or Selling Total Units Price per unit Cost Opening inventory 105 $10.00 $1,050.00 Purchase 1 200

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Virus Corp. had the following transactions for 2020 Cost or Selling Total Units Price per unit Cost Opening inventory 105 $10.00 $1,050.00 Purchase 1 200 $10.50 $2,100,00 Purchase #2 175 $ 10.80 51,890.00 Sale #1 150 $ 22.00 Purchase #3 125 $ 11.00 $1375.00 Sale #2 140 $ 22.00 Sale #3 80 $ 22.50 Required: (NOTE: Round all calculations to 2 decimal places) al 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 Como um tome company uses me Firmemedor inventory valuation c. Using the perpetual weighted average method, determine the value of ending inventory and costs of goods sold for 2020 Calculate the inventory tuinovertatio using the FIFO information in part la) e if the industry Standard for inventory turnover is 2.5 times per year, i Virus Corporate good or bad? Explain briefly

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