1 (15 MARKS) Ani Enterprise is a small business that buys and sells various types of toys in the market. The company purchases its stocks from a supplier in the country of China and the stocks are received weekly from suppliers in boxes. The opening balance of toys in the store was 300 boxes worth RM9,000 in early November 2021. The selling price for a box of toys is RM40.00. The information below is the stock movement in Ani Enterprise for the month of November 2021: Date of Stocks Cost per Total Cost Date of Stocks Receipts Purchased Unit (RM) (RM) Delive Sold 5 Nov 400 boxes 32.00 12,800 7 Nov 350 boxes 12 Nov 500 boxes 30.00 15,000 9 Nov 250 boxes 19 Nov 350 boxes 36.00 12,600 13 Nov 250 boxes 26 Nov 400 boxes 31.00 12,400 17 Nov 210 boxes 22 Nov 280 boxes 24 Nov 150 boxes Required: a) b) Prepare the store ledger records including the closing stock balance in quantity and total cost using First-in first-out (FIFO) method. (12 marks) Comment on the effect of using LIFO method in the period of rising prices towards the product costs, the level of profits and the value of closing stocks