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Q3. Ganesh Carpets sold 190 carpets during the year at Rs. 3,400 each. It had a beginning inventory on April 1, 202 of 20 carpets at a cost of Rs. 2,300 each. The following purchases were made during the year ended March 31 , 20X3: May 20X240 carpets @ Rs. 2,400 September 20X260 carpets @ Rs. 2,700 July 20X2 50 carpets @ Rs. 2,500 February 20X330 carpets @ Rs. 2,800 The company incurred operating expenses of Rs. 58,000 during the year. It uses the periodic inventory system. Required i. Prepare a schedule to compute the cost of goods available for sale during the year. ii. Determine the ending inventory on March 31, 20X3 using (a) FIFO, (b) LIFO and (c) WAC. iii. Prepare a statement of profit and loss under each of the above inventory costing methods. (14)