Company A records the following monthly purchases and sales of an item. Assuming there is no opening stock, what is the value of the stock at the end of the period? What is the profit and profit margin if each unit is sold for 35? Compare FIFO, LIFO and average cost method under periodic inventory system. Month Number bought Cost of each unit () Number sold November December January February March April 110 60 70 50 22 26 30 28 24 32 49 53 80 40