Part A (8 Marks) The following data is available for one of the products sold by Chan Company for the month of April: April 1 5 18 20 24 On hand, 10 units at $8 each Purchased 30 units at $7.80 each Purchased 40 units at $8.25 each Sold 75 units for $13 each Purchased 20 units for $8.25 each $ 80 234 330 165 Chan Company's ending inventory for April was 25 umits. Required: Complete the following table by determining the amounts of the April 30 inventory and cost of goods sold for April, under each of the inventory costing methods listed below. Assume that Chan Company uses a perpetual inventory system. FIFO Weighted Average Cost of Goods Sold Ending Inventory Part B (6Marks) Valley Inc. has compiled the following information concerning items in its inventory at December 31: Item Quantity Cost per Unit 120 70 160 B G Net Realizable Vales (NRV per unit $50 120 110 $45 160 100 Required: 1. (4 marks) The canyang amount of the total inventory of Valley Ine, using the lower of cost or net realizable value (LCNRV) rule applied on an item by item basis is: 2. (2 marks) The loss due to inventory write down to LCNRV is