1. Calculate the Ending inventory from the following information using LIFO, SIMPLE AVERAGE methods of Material issues:

The details relating to the purchase and sales of Material X is given below. Calculate the Ending inventory and Cost of goods sold for the Material X:

Date	PARTICULARS	OMR
1.1.2014	Opening stock of Material X 250 units at	1.200
5.1.2014	Purchased 350 units of Material X at	1.275
7.12014	Purchased 425 units of Material X at	1.340
10.1.2014	Sold 800 units
12.1.2014	Purchased 550 units of Material X at	1.425
15.1.2014	Sold 620 units	1.500
20.1.2014	Sold 120 units