Qno2. a) Calculate Working Capital Assets Amount Liabilities Amount Cash 60000 Account Payable 30000 Marketable Securities 10000 Accrued Expenses 20000 Account Receivable 40000 Notes Payable 5000 Inventory 50000 Current Portion of long term debt 10000 25000 Long term Loan 50000 Car marks) (4 (b) Inventory Units Total Cost January 1 100 @5 per unit 500 January 11 200 @7per unit 1400 January 15 400 @8 per unit 3200 January 20 300 @9per unit 2700 Company sold first 250 units using FIFO method till January 11th. Company then changed its policy and sold 350 units on January 20th on LIFO method. Calculate total cost of the inventory sold and inventory left? (4 marks)