1 . 2 - .4 Problem 2 Required $25 Beginning inventory, purchases and sales data for baseball bats are as follows Apr 3 Inventory 12 units 11 Purchase 13 units 14 Sales 18 units 21 Purchase 9 units 25 Sales 10 units $27 $40 $30 $45 Assuming the business maintains a periodic inventory system, calculate total sales, the cost of merchandise sold and gross profit under the Last-in, first-out method: (10 points) Sales Cost of Goods Sold len Gross Profit A Focus Stay SERWEG EN Assuming the business maintains a periodic inventory system, calculate total sales, the cost of merchandise sold and gross profit under the Last-in, first-out method: (10 points) Sales Cost of Goods Sold 16 Gross Profit $