my id 5274

The following data are related to Eskinder Merchandising Company: 1. January 1 st. The beginning inventory of Eskinder is 1000 motorcycles at price BD 1,000 per motorcycle. 2. February 10th. : The company purchased 6000 motorcycles at price BD 1,200 per motorcycle. 3. April 14 th: The company sold motorcycles (used your last four numbers of ID to be the number of motorcycles sold) at price BD 1,300 per motorcycle. Required: 1. Using the three methods of FIFO, LIFO, and Weighted Average Cost to calculate: a. Cost of sales ( 2 marks) b. Closing inventory cost (2 marks) c. Gross profit or loss. (1.5 marks) 2. Which of the given three methods are permitted to be used under IAS 2? ? (0.50 marks) Note: use three numbers after the decimal point