. ABC Ltd. is the major distributor in Eastern India of one of the renowned Vegetable Oil Brand. They maintain a modern warehouse that caters to mainly West Bengal State. ABC provides following information on their stock of vegetable oil from 01/09/2020 to 05/09/2020:

01/09/2020 Opening Stock 100 units @ Rs. 10.

02/09/2020 Purchased 400 units @ Rs 15.

03/09/2020 Issued 450 units.

04/09/2020 Purchase 500 units @ Re 22.

05/09/2020 issued 300 units.

Compute the value of inventory and cost of goods sold as on 05/09/2020 considering FIFO method that is maintained in inventory management.

Compute the value of inventory and cost of goods sold as on 05/09/2020 considering LIFO method that is maintained in inventory management.