Use the following data to answer questions 1- 4 below: Amben Ltd. values its inventory using the AVCO method. At 1 May 2019 the company had 700 engines in inventory, valued at $190 each. During the year ended 30th April 2020 the following transactions took place: 2019 1 July Purchased 500 engines at $220 each 1 November Sold 400 engines for $360 each 2020 1 February Purchased 300 engines at $230 each 15 April Sold 250 engines for $450 each 1. what is the value of the company's closing inventory of engines as 30 April. (A) $187,500 (B) S178,500 (C) $172,125 (D) $127.125 2. What is the value of the company's cost of sales? (A) $52,500 (B) $81.000 (C) $135,300 (D) $133,500 3. What is the value of the company's sales (A) $256,500 (B) $256,500 (C) $112,500 (D) $144,000 4. Compute the company's profit or loss for the year ending 30th April 2020. (A) $133,500 (B) $123,500 (C) $123,000 (D) $256,500