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can someone help me with this please. 1. LummerLLC provides you the following information relating to the month of August 2019. Date Particulars Units Rate

can someone help me with this please. image text in transcribed
1. LummerLLC provides you the following information relating to the month of August 2019. Date Particulars Units Rate (OMR) 100 20.00 Balance Purchase Purchase 180 21.25 120 23.50 1st August 2019 6th August 2019 12th August 2019 18th August 2019 25th August 2019 30st August 2019 Issue 350 Purchase 250 24.50 Issue 275 MEC_AMO_TEM_034_01 Page 1 of 9 Cost Accounting (BUSS 1602) - Spring 2020 - CW2- All - QP Instructions: a. Prepare store ledger card and calculate the cost of materials issued and closing balance of inventory under LIFO methods. (12 marks) b. Based on your understanding LIFO and FIFO methods of inventory valuation, briefly explain the effect of each of these methods on cost of goods sold and closing balance of inventory? (200 - 250 words) (8 marks)

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