. Muscat Modern textiles company has the following information of Purchases and sales:

	Units	Cost	Amount
Aug 1-Beginning inventory	230	RO 18	RO 4,140
Aug 4-Purchases	150	RO 22	RO 3,300
Aug 14-Purchases	200	RO 26	RO 5,200
Aug 18 - Purchases	350	RO 30	RO 10,500
Total purchases	930		RO 23,140

	Units	Sales price	Sales Amount
Aug 8-Sales	350	RO 30	RO 10,500
Aug 15-Sales	140	RO 35	RO 4,900
Aug 21- Sales	250	RO 40	RO 10,000
Total sales	740		RO 25,400

You are reqested to apply the i) FIFO ii) LIFO and ii)Weighted Average method to find out the Cost of goods sold and Ending Inventory under Perpetual Inventory System and write down the necessary journal entries also during the month of August 2018. Also select which method of perpetual inventory is suitable for the above business and write two reasons, why?