Based on the information, prepare the value of closing inventory by using: (a) FIFO method (b) LIFO method (c) Average cost method

Sold RM Bought 2020 Units January 150 at RM 125 Feb 80 at RM 130 April 50 at RM145 July 30 at RM155 RM 2020 Units 18,750 March 120 at RM 160 10,400 May 100 at RM 165 7,250 June 55 at RM175 4,650 19,200 16,500 9,625 310 41,050 275 45,325