n&iventory Tritan Sdn. Bhd. is involved in supplying frozen lambs. The information given was for the month of May 2016. On 1 May, the company had a stock of 50 kilogrammes of lamb orth RM150. The following were transactions carried out by the company until 31 May 016: 1 Transaction Amount 2 May 5 May 15 May 22 May 26 May 29 May Sold Purchased Purchased Sold Returned to supplier Sold 30 kg 60 kg @ RM160 80 kg @ RM195 120 kg @ RM220 5 kg 30 kg Required: (a) Calculate the value of inventory using the first-in, first-out (FIFO) and weighted (b) Prepare an extract of the Statement of Profit and Loss to determine the gross profit average cost methods. and discuss the differences between both methods towards the gross profit and inventory value