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2. DSB Bank of Commerce has placed an order for the installation of five (5) billboards at various points across the island. Jon-Marc has given

2. DSB Bank of Commerce has placed an order for the installation of five (5) billboards at various points across the island. Jon-Marc has given you the following information regarding the order and has asked you to prepare a quotation to DSB Bank. Information provided by Jon-Marc: .5 billboards at $1,500,000.00 each 5 installation costs at $150,000.00 each 5 travel costs at $35,000.00 each 15% GCT 30% deposit a. Using the Internet, locate an editable template for a quotation, then download and complete it, using the information above. Be sure to include all relevant details in the quotation. BSB20107V03-1.0 February 2022 Project Assessment-Business Administration (Secretarial Skills) Level 2 Cluster 2 b. The firm uses the perpetual inventory control system and reports the following transaction for the movement of cables for the period below. DATE DESCRIPTION UNIT UNIT PRICE May 1 Beginning inventory 135 rolls $20,000.00 May 2 Purchased 130 rolls $20,000.00 May 5 Purchased 125 rolls $25.000.00 May 8 Purchased 120 rolls $31.000.00 May 12 Issued May 12 Issued 150 rolls 170 rolls May 13 Issued 22 rolls May 16 Purchased 60 $32.500.0 May 17 Issued 50 May 19 Purchased 80 $32.500.00 May 20 Purchased 70 $33,000.00 May 22 Issued 20 May 24 Purchased 55 $33,000.00 May 25 Purchased 150 $30,000.00 May 27 Issued 120 May 28 Issued 40 May 29 Issued 25 May 30 Purchased 130 $34,000.00 May 31 Issued 130 Required: i. Prepare inventory records using: 1. FIFO method 2. LIFO method ii. Calculate the total cost of goods on hand

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