Q1: Smart enterprise had 80 calculators on hand on January 1, 2014, costing Br 20 each. Purchases and sales of calculators on cash during the year of 2014 were as follows: TransactionsUnitsUnit costTotal costUnits January 12: Purchases180Br 20.5Br 3,690 January 23: Sales 220 February 3: Purchases 10018.31,830 February 24: Sales110 March 10: Purchases120202,400 March 21: Purchases20020.24,040 April 8: Sales130 April 28: Sales100 Total 60011,960560 Required: According to a physical count, 120 calculators were on hand at April 30, 2014 1.Compute the cost of merchandise available for sale 2.Apply FIFO, Average methods and moving average method of inventory costing to determine cost ending inventory