3. October 2019 stock movements of the company are as follows:

1 October 2019 per period 1,000 pieces of stock (unit cost 100 $).

On October 3, 2019, 2,000 units were purchased at 120 $. 12.000 $ was paid for the transportation.

On October 5, 2019, 1,500 units were sent to production.

100 of the stocks purchased on October 7, 2019 and October 3 were returned to the seller.

On 12 October 2019, 2,000 units were purchased for 130 $.

On October 18, 2019, 2,400 units were purchased at 124 $. 26.400 $ was paid for the transportation.

On 22 October 2019, 4,000 units were sent to production.

1,000 of the 4,000 units sent for production on 28 October 2019 were returned to the stock warehouse.

On October 26, 2019, 3,000 units were purchased at 132 $.

Wanted:

a) Record the stock movements to the inventory card using the Moving Weighted Average Method and calculate the inventory cost used in production and the inventory cost at the end of the period.

b) Calculate the cost of inventory used in production and the cost of inventory at the end of the period by using the Weighted Average Method and the Discrete Inventory Method.

Explain why the results are the same or different by comparing the results found by the Continuous Inventory Method and the Spaced Inventory Method.

REMANWG IN OUT The Amount Quantity The unit Amount Quantity unit cost cost Stock Card