Mebelo Steel Ltd maintains its stores ledger on the Weighted average method. Following is a summary of the receipts and issues of raw materials during the month of June 2017 June 01: Opening balance 600 units @ K18 per unit June 02: Material requisition No. 09, 200 units. June 04: Purchase order No.55, 400 units @ K22 per unit. June 09: Purchase order No.59, 600 units @ K20 per unit June 12: Material requisition No. 12, 900 units. June 14: Material requisition No. 16, 250 units. June 20: Purchase order No.68, 400 units @ K25 per unit. June 23: Material requisition No.21, 550 units. June 27: Purchase order No.76, 1400 units @ K26 per unit. June 30: Material requisition No.23, 400 units July 01: Material requisition No.24, 1000 units July 10: Material requisition No.25, 110 units You are required to: a. Prepare the ledgers for this firm on the basis of FIFO b.Prepare the ledger for this on the basis of LIFO c. Compare the two methods and recommend which one would be preferable