prepare store ledger using lifo and fifo methods,showing clearly inventory method

QUESTION ONE For six months ended 31 October, 2013, Luanshya Limited (LL), an importer and distributor of one type of printer's machine has the following transactions in his records. There was an opening balance of 100 units which had a value of K3, 900. Cost per Unit K Date May June August Bought Quantity in Units 100 200 400 41 50 51.875 The price of K51 875 each for the august receipt was K6.125 per unit less than the normal price because of the large quantity ordered. Sold Quantity in Units Price Each K 250 Date July September October 350 100 Required: A) Prepare the stores ledger records using weighted averages, FIFO and LIFO methods, showing clearly inventory balance. (9marks) B) Prepare the trading account for the period to show the gross profit using each of the three methods above. (9marks) C) Based on the calculations in (b) comment on the method which can be regarded as the best measure of profit. (2marks) [Total: 20 marks]