Monson Berhad is a plastic products manufacturer which is based in Gua Musang, Monson Berhad uses Raw Material K to manufacture plastic products. The data below shows inventory record of Raw Material K, which is stocked by Monson Berhad in its warehousing operation: Raw Material K Units Ringgit Malaysia Date Received Issued Balance Price Received Issued Balance 1 Jan RM RM 1,600 162 25,6004 11 Jan RM 2,000 142 28,000 16 Feb 960 2 20 Mar 6802 22 June 5802 154 8,700 18 Aug 9502 10 Sept 8104 8 Oct 1,510e 172 25,6702 9 Dece 9302 21 Dec 400 184 7,2002 Required: Assuming a perpetual inventory system is used, Compute the ending inventory cost of Raw Material K at 31 December 2020 using First-in, First-out (FIFO) method (Round the cost amounts to the nearest ringgit and round the cost per unit to three decimal points). Compute the ending inventory cost of Raw Material K at 31 December 2020 using Moving-Average method (Round the cost amounts to the nearest ringgit and round the cost per unit to three decimal points). Compute the ending inventory cost of Raw Material K at 31 December 2020 using Last-in, First-out (LIFO) method (Round the cost amounts to the nearest ringgit and round the cost per unit to three decimal points). (iv) Explain the reason why Last-in, First-out (LIFO) method is not permitted by MFRS 102 - Inventories. Explain how MFRS 102 - Inventories applies the accrual and the going concern basis of accounting