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c) The Lestrade & Metropolitan Manufacturing company produce aluminium die cast models of famous fictional characters. On the 1st of September they carried out a

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c) The Lestrade & Metropolitan Manufacturing company produce aluminium die cast models of famous fictional characters. On the 1st of September they carried out a stock check and found that they held in their company stores a quantity of 1,100 tonnes of aluminium alloy, which is valued at 5.10 per tonne (as shown in Table Q3c). The goods received notes and materials requisitions (from production Page 7 departments) show the following receipts and issues during the month as given in Table Q3c: Receipts Issues Date Quantity Price per tonne (tonnes) (Quantity - tonnes) 1 September 1,100 5.10 2 September 1,000 5.50 3 September 750 14 September 750 15 September 950 6.10 16 September 750 29 September 1,000 6.40 30 September 750 Table Q3c 1) - Construct and use a table with columns representing "dates, receipts, issues and inventory balance" and use the FIFO (First In First Out) and the AVECO (Average Cost) methods to determine the stock balance in terms of both quantity and value at the end of the month. ii) - Identify which of the two methods would give the higher profit for the month in this particular case, giving your reasons. (Maximum 100 words)

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