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From the following data, calculate the value of closing inventory according to FIFO and LIFO on March 3 1 , 2 0 1 8 using

From the following data, calculate the value of closing inventory according to FIFO and LIFO on March 31,2018 using :(1) Periodic inventory system, and ii) Perpetual inventory system.March 1 stock in hand 400 units @ Rs,7.50 eachPurchases:IssuesMarch 5600 units@Rs.8 eachMarch 3300 unitsMarch 15500 unitsRs. 9 eachMarch 10500 unitsMarch 25400 units@Rs.8.50 eachMarch 17400 unitsMarch 30300 units@Rs.9.50 eachMarch 26500 unitsMarch 31200 units

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