1. The following information is available from the records of Ishita Shubham Saunak & Co.|| Unit cost 20 18 Data Aug 1 Aug 9 Aug 14 Aug 23 Aug 28 Aug 31 Details Inventory Purchase Purchase Purchase Purchase Inventory Units 150 200 350 200 100 200 17 15 14 a. Determine the cost of the ending inventory and the cost of goods sold using FIFO, LIFO and WAC methods. (20) b. Imagine yourself as the manager of Chennai based Ishita Shubham Saynak & Co. The firm is facing crisis due to the loss in last three consecutive financial years. On the basis of information provided in Question 2, suggest a method of inventory cost calculation that you will follow along with the underlying reasons