Q2. ABC Ltd. is a metal product manufacturing company. The following are the purchases and issues during the month of July, 2019: (1.5 Marks) Date July 1 Beginning Inventory 400 units @ $120 July 6 Purchase 250 units @ $150 July 11 Purchase 200 units @ $100 July 17 Sales 600 units @ $300 July 19 Purchase 150 units @ $120 July 21 Purchase 350 units @ $160 July 31 Sales 500 units @ $350 Required: Using FIFO and Average Cost Method- a) Find out the value of Ending Inventory after each transaction. b) Find out the value of cost of goods sold after each sales. Note: You can round off the values for the calculations under average cost method