Date Received into store Unit Price 30 34 units Price paid to supplier 3,600 2,040 Issued to retail outlets units 120 60 01-May 19-May 22-May 30-May Total : BO 70 180 5,640 150 Required: (a) Calculate the cost of goods issued to retail stores during May under FIFO, LIFO and Cumulative Weighted Average. (12Marks) (b) Calculate the cost of inventory held in the warehouse at the end of May under FIFO, LIFO and Cumulative Weighted Average. (3 marks) (c) Using an example explain how we use consistency and prudence concept in valuing Inventory. (5 marks) (d) Calculate gross profit using FIFO method