Elmo Hams breeds and sells pigs. His records disclosed the following:

	Quantity	Value ($)
Pigs on Hand - beginning of year	3400	72100
Purchases	900	38200
Natural Increase	1100
Sales	2900	161500
Rations	50
Pigs on Hand - end of year	2250

Elmo chooses to use the prescribed value for natural increase and average cost for rations and closing stock.

Market selling value of Elmo's stock at year end was $40 per head.

a)Calculate the average cost of 1 pig (to 2 decimal places) $

b) Prepare the trading account

Trading Account
	Qty.	$		Qty.	$
Opening Stock			Sales
Purchases			Rations
Natural Increase			Deaths
Gross Profit			Closing Stock
Total			Total