Purchases of a certain product during July were: July1 100 units @ Tshs.10.00 12 100 units @ Tshs.9.80 15 50 units @ Tshs.9.60 20 100 units @ Tshs.9.40 Units sold during the month were: July 10 80 units 14 100 units 30 90 units Required:Assuming no opening inventories: i.Determine the cost of goods sold for July under two different valuation methods. ii.Discuss the advantages and/or disadvantages of each of these methods. iii.A physical inventory count revealed a shortage of five units. Show how you would bring this into account Monday, May 9, 2022