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14. Stores Ledger Cards. The following information is to be used in costing inventory on October 31: Inventory October 1 800 units @ Rs. 1.60

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14. Stores Ledger Cards. The following information is to be used in costing inventory on October 31: Inventory October 1 800 units @ Rs. 1.60 Purchase October 5 200 units @ Rs. 1.70 Purchase October 9 200 units @ Rs. 1.80 Purchase October 24 300 units @ Rs. 1.90 Issue October 16 400 units Issue October 27 500 units Required: The cost of materials used and the cost assigned to the October 31 inventory by each of the following perpetual inventory costing methods: (a) FIFO. (b) LIFO. (c) Moving average (Round unit cost to the nearest paisa). (d) Most recent purchase price

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