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An inventory record card shows the following details:March 1 7 7 0 units in inventory at cost of 1 0 per unit 9 0 units

An inventory record card shows the following details:March1770 units in inventory at cost of 10 per unit90 units purchased at a cost of 12 per unit112275 units sold at 5025 units purchased at a cost of 16 per unit2840 units sold At 50
Required:1. Calculate the value of inventory at 31st March using the FIFO, LIFO and AVCO methods (Perpetual system).2. Calculate the Gross Profit under FIFO, LIFO and AVCO.
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