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Q2. The new productive undertaking purchased from time-to-time quantities of commodities used in production of one of its products, the following details are available regarding the stock of materials and its movement during the three-Month period from May, June, and July. There was no Opening stock for the month of May. Purchases done on 2 May 200 units @ 12 per unit, 8 May 150 units @14 per unit, 17 May 225 units @13 per unit, 25 May 300 units @ 12 per unit and Issues were made on 3rd May 125 units, 15 May 200 units and 30 May 150 units. Stock on 1st June 130 units @ OMR 47 per unit and Purchases done on 5 June 200 units @ 52 per unit, 9 June 150 units @54 per unit, 17 June 225 units @ 53 per unit, 26 June 300 units @ 49 per unit and Issues were made on 7th June 225 units, 10 June 200 units and 19 June 150 units. Stock on 1st July 150 units @OMR 22 per unit On July 4, Purchased 420 units @OMR 30, July 12 Purchased 215 units @OMR 35, July 15 Purchased 400 units @ OMR 40, July 28 Purchased 400 units @OMR 47, July 5 Issued 325 Units, July 14 Issued 290 units, July 20 Issued 200 units, July 25 Issued 275 units, July 30 Issued 190 units. a. You are required to prepare stock register using LIFO Method for the Period of July (6 Marks) b. You are required to write the highest and lowest purchase price with dates and find out the difference in both the prices. (1 Marks)