Wong's Trading Cards, Inc, had the following purchases in the month of April. Wong's Trading Card Inventory Purchases Number of Date Activity Cost per Unit Total Cost Units 04/01 Purchase 2,000 $10 $20,000 04/10 Purchase 3,000 $12 $36,000 04/22 Purchase 1,500 $16 $24,000 On April 15, Wong sells 4,000 units for $20 unit. (Hint: When a specific date is provided, this is an indication that the perpetual method was used by the company.) What are Wong's Total Sales? What is Wong's Gross Profit using the FIFO method of Inventory Valuation? What is Wong's Gross Margin Ratio using the FIFO method of Inventory Valuation? What is Wong's Gross Profit using the LIFO method of Inventory Valuation?