On January $1,$ Ms$.$ Plummer commenced a small business to trade clothing. She invested some

funds in the business and during a $5-$month period, the following transactions took place.

Receipts Dispatch

Date Purchases

$($units$)$

Total cost

$($$$)$

Date Sales $($units$)$ Total value

$($$$)$

January $01150$

$($Opening stock$)$

$40,500$ February $0324093,600$

January $1220058,000$ April $21390175,500$

March $05455145,600$ May $3112058,800$

The boxes containing the clothes are stored in an office that Ms$.$ Plummer rented and the closing

stock based on the stocktaking amounted to $50$ units. Other expenses incurred, and paid for in

cash, during the period amounted to $$13,200.$

Required:

$($a$)$ Calculate the value of the material issues for the period and the value of the closing stock

at the end of May, using the following methods of pricing

$($i$)$ first$-$in$,$ first$-$out,

$($ii$)$ last$-$in$-$first$-$out

$($iii$)$ weighted average $($calculations to two decimal places only$)$