B: Question The Well of Life Pharmacy carries well-established health products for sale. The following details relate to "YouthEver" tablets for the month of January. Date Purchases Units Sales Balance Unit cost Selling price Units Units (RM) per unit (RM) Jan 1 Balance 2000 70.00 6 Purchases 400 71.00 7 Purchases 200 71.50 8 Purchases 150 71.80 9 Sales 600 81 10 Sales 50 81.50 12 Purchases 90 72.00 18 Sales 1750 82 19 Sales 40 82.50 20 Purchases 70 72.50 21 Purchases 50 72.80 23 Sales 180 83 25 Purchases 35 73.00 28 Sales 210 83.50 31 Sales 95 84.50 Requirements 1. Prepare a perpetual inventory record for "YouthEver" using the following methods: FIFO LIFO Average Cost 2. Which method reduces the company's income tax? 3. Prepare Income Statement and Statement of Financial Position (extracted) for all of the methods above