Required: Using the LIFO (Last-In, First-Out) method, assign the inventory cost to the purchases, cost of goods sold, and the balances. (20 marks) Please use the format below. Goods Purchased Cost of Goods Sold Inventory Balance Units RM/unitRM DateUnitsRM/unit R All overhead expenses are paid in the month following the month in which they are incurred. .Plant will be sold in July for RM5,000 cash, incurring a loss on disposal of RM22,500 Rm102,900 is to be paid in July for purchase of an additional freehold building A dividend of RM50,300 is to be paid in August Required Assuming a bank overdraft of RM70,000 on 31 May, prepare a tabular Cash Budget for each of the three months of June, July and August. (20 marks)