Malaika Ltd buys and sells product Q-3. It values sock on the basis of last in first out (LIFO). At 1 June 2021, stock in hand consisted of 4,500 units which were acquired at Sh.50 per unit. The operations for the month were as follows:

Date	Purchases	Sales
June1	5,000 @ Sh 48
4		6,000 @ Sh 60
5	5,500 @ Sh 49
7	4,000 @ Sh 50
11		7,000 @ Sh 61
12	5,000 @ Sh 50
13	6,000 @ Sh 47
18		7,000 @ Sh 62
19		8,000 @ Sh 64
20	6,000 @ Sh 49.50
21		5,000 @ Sh 65
22	7,000 @ Sh 50
25	6,000 @ Sh 49
26	2,000 @ Sh 47
28		500 @ Sh 60
29		14,000 @ Sh 64

The company incurred operating costs of Sh 450,000 during the month.

Required:

a) Stores ledger card

b) Closing stock valuation