a) Only list down the approaches used for recording of Inventory. b) Only list down the inventory valuation methods. c) Complete the following schedule (with proper computation and working) which contains information from the financial statements of McLain Co. Ltd. Beginning| Net Ending Net sales Inventory Purchases Inventory COGS Gross Profit Expenses Net Income/loss a. 400,000 50,000 181,333 1,500,000 350,000 ? ? 131,333 ? ? 50,000 1,200,000 300,000 375,000 70,000 ? b