QUESTION 3 a) The following information relates to product Y stocked by XYZ Limited for the month of May 2020. Date: 01 May: Bought 2400units @18; 04May: Issued 2200units; 05May: Received 2600 units@20; 06 May: Issued 2700units; 08 May: Bought 3000 units @21; 10 May: Received 2800units @22 The closing balance for April 2020 was a batch of 2800 units received at a price of sh 20. 2 Required: a) Prepare a stores perpetual inventory record for product Y using: i. FIFO method ii. LIFO method iii. Weighted average method b) Determine the number of units issued and their value as well as the closing stock 110 b) The following information relates to item B-08 stocked by Kilimall Ltd for the month of June 2021. Date Receipts(units) Issues(units) Unit cost (Kes.) 01 100 03 180 20 04 150 15 06 18 08 180 10 50 14 120 16 The closing stock for May 2021 was a batch of 150 units received at a unit price of sh 17. Required: Prepare i. Stores perpetual inventory record using a) FIFO system of stores issues b) LIFO c) Weighted average ii. Estimate the value of issues and closing stock valuation 200