3 A manufacturing company stores a major component used in its factory. The receipts and issues for the half year to 31 May last are as follows: Date December January February 500 March April May Issued 700 200 Received 200 x K 82 400 x k100 800 x K104 On December 1 there was an operating balance of 200 components valued at K7, 800. Required: (a) Record the above transactions in the Stores Ledger using FIFO LIFO, and Weighted Average methods of pricing issues. (16 Marks) (b) Show the cost charged to production for each method. (3 Marks) (c) Comment on the advantages and disadvantages of the methods you have used. (6 Marks)