(b) 96216687 Amna has been newly appointed as Accounts Manager for an international manufacturing firm Inox Gear Store and is assigned to control the movement of raw materials starting from May 2019. However, she needs to prepare the costing of the raw materials according to two common stock evaluation method namely LIFO and FIFO. Further details are stated below. i.Construct the stock record according to each FIFO and LIFO for Inox Gear Store. Given that the Inox Gear Store has its production of Material PVD and each material purchased by the production department requires the records on the movement of the materials used. Listed below are the transactions for the month of May 2019 for the purchases and usages of the Material PVD for the production of cars gearbox. Refer Below Table3: Material PVD Transaction May 2019. (20 marks) Table 3: Material PVD - Transaction May 2019 Date Transactions Details Exchange Rate 1 May Purchases 2000 units at SGDIO per unit RM2.5 = SGDI 9 May Purchases 520 units at SGDIO.50 per unit RM2.6 = SGDI 12 Issued 1400 units Use purchases date May 15 Purchases 800 units at SGDII.50 per unit RM2.4 = SGDI May 18 Purchases 600 units at SGD12.50 per unit RM2.3 = SGDI May 22 May Issued 1240 units Use purchases date 24 May Issued 480 units Use purchases date 28 May Purchases 1000 units at SGDII per unit RM2.4 = SGDI 31 May Issued 760 units Use purchases date II. Illustrate the summary of costing by highlighting the function and behavioral category with a suitable example. Prepare the answer according to production and non-production function and also stated the behavior of the costing according to variable and fixed cost