De Luna Bhd is a company located in Jitra, Kedah. The transactions for De Luna Bhd for the year 2019 in relation to product X are as follow (perpetual inventory system is applied):

Date	Transaction
20 January	Purchased 3,000 units of product X with a price of RM2,400,000.
19 February	Sold 2,800 units of product X on account free on BOD shipping point to VB Enterprise with the price of RM1,500 per unit.
25 March	Purchased 2,000 units of product X with a cost of RM950 per unit.
20 April	Sold 2,000 units of product X to Kakala Sdn Bhd and the transaction was made in cash with the price of RM1,600 per unit.
28 April	Due to wrong specification, 80 units of product sold on 20 April 2019 were returned to customer.
25 August	Purchased another 1,500 units of product X with overall cost of RM1,425,000
1 September	100 units of product X that were bought in 25 August 2019 were returned to supplier due to wrong specification.
20 November	Purchased 2,000 units of product X with a total purchase cost of RM2,000,000.
17 December	Sold for credit 3,500 units of product X to ReadyGo Enterprise with a selling price of RM1,250 per unit.

Additional information:

1. As at 31 December 2018, the companys inventory showed an ending balance of 2,000 units at the cost of RM1,000 per unit.
2. Other expenses for the year 2018 were RM1,500,000,
3. Assuming the tax for the year 2019 is 24%.

REQUIRED:

(Round all figures to TWO (2) decimal points)

1. Calculate the amount of ending inventory as at 31 December 2019 using the method of:

1. First in first out (FIFO)
2. Weighted average cost method