Home work for practice- THE MODERN COMPANY PROVIDES YOUT HE FOLLOWING DATA EXTRCAED FROM THEIR BOOK. YOU ARE REQUIRED TO PREPARE STORES LEDGER UNDER FIFO METHOD AND FIND OUT THE VALUE OF CLSOING STOCK. The following transactions occur in the purchase and issue of a material. Jan. 2 Purchased 4,000 units @OMR.4.00perunit 20 Purchased 500 units @ OMR. 5.00 per unit Feb.5 Issued 2,000 units 10 Purchased 6,000 units @ OMR. 6,00 per unit 12 Issued 4,000 units Mar.2 Issued 1,000 units 5 Issued 2,000 units 15 Purchased 4,500 units @ OMR, 5.50 per unit 20 Issued 3.000 units From the above, prepare the Stores Ledger Account, using FIFO and FIFO method