During last month, P&G Inc. made the following sales and purchases of pencil erasers. July 01 July 08 July 19 July 26 July 29 July 31 Purchase 400 items @ $10.00 each i Purchase 600 items @ $7.00 each Sold 500 items Sales Price $12 per unit. Sold 200 items Sales Price $14 per unit Purchase 600 items @ $6.00 Each 500 items Sales Price $16 per unit A. From the information given above calculate the closing stock using the method for: L FIFO (7 marks) AVCO (7 marks) B. Prepare the Trading Account for the period using FIFO and AVCO, clearly showing the Cost of Sales and the Gross Profit. (6 marks)