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Problem 7: Kyota Distribution markets CDs of the performing artists. Following information is available for the company, Date Explanation Units Unit cost Total Cost 1" of March 2012 Beginning 15.00 SR 7 SR 10500 inventory 5 March Purchases 3,000 SR 8 24,000 13 March Purchases 5,500 SR 9 49,500 21" march Purchases 4,000 SR 10 40,000 March 26 Purchases 2,000 SR 11 22,000 Total 16,000 135,500 Requirement: Ending inventory of the company is 12,500 units. Find the Costs of goods sold for the company through FIFO, LIFO and Average method