Nyameye Ent. Manufactures rubber at Kurriasi. The following details relate to the movement of materials in February 2010. February Beginning balance: 800 units @ $6 per unit. 5 Received 200 units $7 per unit 11 Received 200 units $6 per unit 16 Issued 800 units 22 Received 400 units @ $6 per unit 23 Issued 500 units 20 Received 600 units @ $9 per unit Required:

a.) Prepare a store ledger card using Last In First (LIFO) Price Method in determining the value of the closing Inventory

b.) Calculate maximum stock level from the information below: Normal usage 100 units per day Maximum usage 130 units per day Minimum usage 70 units per day Re order period 25 to 30 days E00 5,000 units.