Question 2 (a): SkinRecipe is an emerging skincare brand in Malaysia. The brand sells natural skincare products free from parabens and harmful chemicals. Due to the nature of its ingredients, the products have a faster expiry period (this means that SkinRecipe has to sell off the products which were produced earlier as soon as possible). Assume that SkinRecipe maintains a perpetual inventory system. SkinRecipe began March 2021 with 650 units of natural facial cream that cost RM25 each. In March, the company completed the following inventory transactions: Unit Sale Date Details Quantity (units) Unit Cost (RM) Price (RM) Mar. 2 Sale 500 65 5 Purchase 850 27 10 Sale 800 65 16 Purchase 200 29 21 Sale 215 65 23 Purchase 100 29 27 Sale 200 65 30 Purchase 150 30 Requirement: Kindly decide ONE suitable inventory method [either First in First Out (FIFO) or Last in First Out)] for the natural facial cream. Prepare a perpetual inventory record for the merchandise inventory using the appropriate inventory costing method.