2/5 CONFIDENTIAL Instruction: Answer 4 (FOUR) Questions only. Question 1 (25 Marks) (a) Kuseelan imports and sells one product, the selling price being RM20 per unit. Purchases are made on the first day of each month and sales made in the middle of each month. Kuseelan's trading details for the first six months of 2009 showed the following: Month Units Purchases 100 100 Jan Feb March April May June Unit Purchases Price RM 10 12 11 10 14 12 120 60 100 80 560 Units Sold Units 80 90 115 70 90 90 535 Required: Calculate the valuation of unsold stock at the end of June using each of the following stock pricing methods:- (1) First In First Out (FIFO) (ii) Last In First Out (LIFO) (ii) Weighted Average Method. (19 marks) Outline TWO (2) advantages and TWO (2) disadvantages for each of the methods in part (a) above. (6 marks) (b)