Bonanza ltd buys and sells product Q$-70.$ It values stock on the basis of LIFO &SIMPLE AVERAGE. On $1$ June $2020,$ stock in hand consisted of $6,500$ units which were acquired valued for sh$.325,000.$ The transactions for the month of June were as follows:

Date Purchases Sales

June $28,000$ @ ksh$\mathrm{.}48$

$47,000$ @ ksh$.60$

$56,500$ @ ksh$.49$

$77,000$ @ ksh$.47$

$1112,000$ @ ksh$.61$

$128,000$ @ ksh$.50$

$138,000$ @ ksh$.46$

$189,000$ @ ksh$.62$

$1910,000$ @ ksh$.64$

$208,000$ @ksh$.49$

$217,000$ @ ksh$.65$

$229,000$ @ ksh$.50$

$258,000$ @ ksh$.49$

$264,000$ @ ksh$.47$

$286,000$ @ ksh$.60$

$2915,000$ @ ksh$.64$

The company incurred operating cost amounting to ksh$.500,000$ during the month.

Required:

a$)$ Prepare the stores ledger card using Simple Average and LIFO $(14$ Marks$)$

b$)$ Prepare the trading account for the month.

c$)$ The costs incurred in two production periods were as shown below:

Period Costs Kshs Units produced

$125,0002,000$

$230,0002,500$

i$)$ Determine the fixed and variable cost per unit of these two periods