4. Calculate the Ending inventory from the following information using LIFO, SIMPLE AVERAGE methods of Material issues: The details relating to the purchase and sales of Material X is given below. Calculate the Ending inventory and Cost of goods sold for the Material X: OMR 1.200 1.275 1.340 Date 1.1.2014 5.1.2014 7.12014 10.1.2014 12.1.2014 15.1.2014 20.1.2014 PARTICULARS Opening stock of Material X 250 units at Purchased 350 units of Material X at Purchased 425 units of Material X at Sold 800 units Purchased 550 units of Material X at X Sold 620 units Sold 120 units 1.425 1.500