Question 4 (10 marks) The activity for a specific inventory item for the month of March was as follows: Units Unit Cost Total Cost Mar 1st beginning $35 1,050 Mar 5th purchase 120 Mar 10th purchase 45 3,600 Mar 15th purchase 90 4,500 Available for sale 320 $ 13,950 4,800 Mar 11th sale Mar 19th sale 140 110 250 Required: Calculate the following 1) Cost of goods sold for March, using first-in, first-out (FIFO) ii) Cost of ending inventory at March 31, using weighted average cost under a periodic system iii) Cost of goods sold on the March 11th sale, using moving-average cost under a perpetual system Question 5 (10 marks) On July 1, Year 1 Alpha Ltd. invested $437,194 in bonds with a face value of $500,000, with a nominal interest rate of 4%, and semi-annual interest payments on June 30 and December 31 each year. The market rate of interest was 6% on July 1. Year 1 and the bonds were set to mature in 8 years. The bonds had a market value of $490.000 on December 31. Year 1. All the bonds were sold on July 1. Year 2 for