Wil Down Lid tax distributor of commercial rade welbows to loonhoes. The companys perpetual inventory system. They calculate mentory value by oplying average CON and reports under ASPE We Down L. ad 200 units at 70 each in the inventary on March 31,2001 Details of purchases and sale for the month of April 021 ure shown below Units Suling Price Unit Cout $75 Purchase 200 Ar 12 380 5140 April 16 300 $80 Purchase Sale April 27 310 5140 Note All sales and purchases are made on account. Round all calculations to two decimals Required 1 Carulate the ending inventory on unted dolor and the total cost of goods sold for the month of April 2021. Show all calculation marxa 2. Prepiw the required ournal entry on for the sale on April 12. (2 marks 3. When the physical count was completed on April 30, 2001, there were only 2 wheelbarrows on hand in the warehouse Record the entry, if any, the company should prepare to record the discrepancy man 4. ll the company wed Fiestin Fest Out (FFO) instead of average cost would the April 2001 total cost of Goods Sold be higher or lower? Explain (No calculations are necessary) (1 mark) 1. Which method Average cost or AFO) would result in a higher gross profit for the month of April 2017 (Calculations are not required.) (1 mark) What is ce guideline that Wheels Down Lid should consider when deciding between Average cost and FIFO for its inventory formula? (mark