Maju Bhd is a trading company and has two types of inventories, namely Model Q1 and Model A2. Maju Bhd just hired Mr. Radhi as an assistant to the inventory controller. As a start, Mr. Radhi reviewed an incomplete schedule of inventories on hand as of 31 December 2022, and the cost of sales for the month of December 2022 to understand how costs are calculated for Model Q1. Maju Bhd applies a perpetual inventory system and records the purchase and account payment using the net method. The reporting period for Maju Bhd is 31 December. The incomplete schedule of inventory on hand and cost of sales of unit inventory Model Q1 is as follows: Date 1-Dec 3-Dec Beginning inventories Detail Purchase Transportation cost Cost per unit 10-Dec Sold Unit Purchase Unit cost Total cost (RM) 40 350 14,000 400 14,400 360 Unit 50 5 55 Cost of Sales Unit cost 300 360 Total cost (RM) Unit 50 50 40 90 Ending Balance Unit cost 300 300 360 15,000 35 360 1,800 16,800 Total cost (RM) 15,000 15,000 14,400 29,400 12,600 The information for inventory transactions that took place on 12 December 2022 and onwards is as follows: Date 12 Dec 16 Dec 21 Dec 22 Dec 24 Dec 26 Dec Detail Returned 5 units of Model Q1 to the supplier. These units were recently purchased on 3 December 2022. Sold 20 units of Model Q1 for RM750 each. Purchased 3 units of Model A2 for RM6,500 each. Additional costs incurred include RM700 cost on freight. 5 defect units of Model Q1 were returned by a customer. These units were identified as released for sale from the beginning inventory. Sold 5 units of Model A2 at RM8,500 each. Purchased 15 units of Model Q1 for RM400 each. The purchase was on credit with 2/10, n/60 term. REQUIRED: (a) Assume that you are in the position of Mr Radhi, based on the review of the 2 incomplete schedule, determine: (i) The cost flow assumption applied by Maju Bhd to measure the cost of inventory. Give ONE (1) justification for your answer. (c) (ii) The freight term applied to determine ownership of inventory for the purchase on 3 December 2022. Give ONE (1) justification for your answer. (b) By referring to the incomplete schedule, continue with the transaction on 12 December 2022 and onwards to calculate the cost of inventory on hand at 31 December 2022 and the cost of sales for the month of December 2022 for the item Model Q1. (round your answer to the nearest RM). Model A2 is small in its quantity and easily distinguishable. (i) Suggest the appropriate cost flow assumption that can be used by Maju Bhd for this inventory.