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Consider the following Warehouse Inventory movement ( Supplier - Warehouse - Production ) of Chemical X with highly volatile price:NOVEMBER 0 1 : Inventories on

Consider the following Warehouse Inventory movement (Supplier - Warehouse - Production) of Chemical X with highly volatile price:NOVEMBER 01: Inventories on hand are 80 units at Rack 1 for $3/unit and 100 units at Rack 2 for $4.50/unitNOVEMBER 04: Purchased 100 units at $2.NOVEMBER 05: 120 units issued to production.NOVEMBER 07: 40 units of inventories purchased on 4 NOVEMBER at $2 are returned to the supplier.NOVEMBER 10: 80 units issued to production.NOVEMBER 15: 40 units issued to production.NOVEMBER 20: 20 units purchased at $3.5.NOVEMBER 25: 10 units issued to factory.NOVEMBER 29: 50 units purchased at $2.NOVEMBER 30: 2 units from November 25 issuance were returned to warehouse due to production line shut down. 2 units were assessed to be in good condition.
1. Create a stock card using the given inventory flow
2. What is the ending Inventory 3. At what period range did the warehouse experience out of stock?
4.Calculate the total ending inventory cost using LIFO, FIFO and weighted Moving averagemethod of valuing Inventory

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