Question 4 The following information is taken from the records of Wildlife Florist. The company uses the perpetual inventory system. Date Description Units Unit Cost (RM) Dec1 Opening inventory 200 20 Dec 5 Sale 108 Dec 6 Purchase 200 18 Dec 12 Purchase 125 17 Dec 13 Sale 300 Dec 19 Purchase 350 21 Dec 29 Purchase 150 18 Dec 30 Sale 400 Required:- a. Calculate cost of goods sold and the cost of ending inventory under each of the following inventory cost flow assumptions: i. FIFO. ii. Weighted average. (14 mark) b. Assume each unit was sold for RM25. Complete the following partial income statements: FIFO Weighted Average Sales Less: Cost of Sales Gross Profit (6 mark)