Part B Ahmed started a business on 1st January 2015 selling printers. He bought 210 printers at a cost of $80 each at the beginning of his accounting year. On May 1 " 2015 he bought a further 300 printers, but the cost had risen by this stage from $80 to $110. At the accounting year end on 31s. December 2015 , Ahmed had 120 printers in inventory. He sold the others during the year for $120 each. Required: Calculate the value of Ahmed's inventory on 3113 December 2014 using: a. FIFO b. LIFO [Marks: (7+7)=14]