QUESTION FOUR Mukwa Company orders desks from various SME in Lusaka and sells these desks to school in Eastern Province. On 1 February, there were 250 desks in the store room valued at K4,750. During the month, Mukwa company had the following transactions: Date in February 5 10 15 20 25 28 Required: Activity Purchase Purchase Purchase Sales Sales Closing Inventory (a) Calculate the following; (i) First In First Out (FIFO) (ii) Last In First Out (LIFO) Units 500 200 600 900 500 . 150 Value (K) 10,000 4,400 13,800 10,000- 20 000 13,000 ht (BJ Compute the grouss fruft fur (b) each metod (6 marks) (6 marks) In M- MIX

QUESTION FOUR Mukwa Company orders desks from various SME in Lusaka and sells these desks to school in Eastern Province. On 1 February, there were 250 desks in the store room valued at K4,750. Required: (a) Calculate the following; (i) First In First Out (FIFO) (ii) Last In First Out (UFO) (6 mark (6 mar) (b) Congute the goss inft for eech methoud