Question-1 Prepare Store Ledger Card (SLC) from the following information for July. 1.Beginning Inventory......50 Pieces @ Rs. 20 Rs. 1,000 2.Purchases........... 9.Purchases. ..100 Pieces @Rs. 25 .50 Pieces @Rs. 28 .........Rs. 2,500 Rs. 1,400 18.Sales ... 125 Pieces @ Rs. 30. .Rs. 3,725 20.Purchases........... ...85 Pieces @Rs. 32 Rs. 2,720 22.Purchase 100 Pieces @Rs. 34. ..Rs. 3,400 27 Sales. .150 Pieces @Rs. 29...... Rs. 4,350 Required: Determine the Cost of Sales, Cost of Closing Stock, Sales and Gross profit/loss under each of the following method by using perpetual inventory system, Cost are assigned on the basis of FIFO and Cost are assigned on the basis of Weighted Average.