Required: Prepare a store ledger account using a) Weighted Average Method b) FIFO Method c) LIFO Method to account for the closing inventory and cost of goods sold in the month of January, 2015. b) Phylis Ltd has the following transactions in respect of its goods during the month of Dec 2015. Opening stock 78 units @ GH25 45 Dec 5 bought 250 units @ GH24 Dec 10 sold 175 units GH095 Dec 11 bought 140 units @ GH26 Dec 12 sold 200 units GH448 Dec 15 paid for printing GH7,200 Dec 16 bought 400 units @ GH20 dec 22 sold 140 units @ GH85 Dec 22 commission to sales Executives GH 20,000 Dec 23 sold 155 units @ GH40 Dec 26 bought 120 units @ GH25 sold 115 units GH92 Additional information; i. Cost of carting materials inwards was agreed at GH12 per unit of materials i Out of the general administrative expenses of GH10,000 only GH2,900 had been paid during the month of December iii. The outstanding balance of GH7,100 was paid on the 20th February, 2016. You are required to: May 29 a. Write up the stores ledger card using FIFO and LIFO method of stock valuation. b) Prepare trading, profit and loss account for the period from 19 Dec to 31" Dec 2015 using method of stock valuation c) Show the balance sheet extract as at 31/12/2015