2 In 2021, Ms P. Prema started a small business importing a special yarn from India. She sells the yarns on a e-commerce platform. During the month of January 2022, the following transactions occurred: Yarn Purchases Yarn Sales Date of Purchase Cost Date of Sale. Quantity Boxes Quantity Boxes RM Price RM 5-Jan 45 240 8-Jan 20-Jan 35 160 55 180 28-Jan 95 260 Ms Prema has an opening inventory of 75 boxes of the yarns on 1 January 2022. The yarns were purchased at a cost of RM120 per box. Required: a. Compute the total sales revenue from the sale of the yarns for January 2022. (3 marks) b. Using the First In, First Out (FIFO) method, calculate the cost of sales and cost of inventory (balance) on hand. The necessary columns for the calculations are as follows: Date Qty Bought/Purchased Cost Value Qty Cost of Sales Cost Value Qty Cost of Inventory Cost Value (13 marks) c. Determine the gross profit generated from the sale of yarns in the month of January 2022. (2 marks) [Total: 18 marks]