Suppose that trading company MACETAS S$.$A$.$ is engaged in purchase and sale of a single type of plastic flower pots. To account for cost of its inventories, company uses FIFO $($First In First Out$)$ inventory method.

In $2017,$ company ended with a stock balance of $$360,000,$ corresponding to $90$ planters whose unit cost was $$4,000.$

In January $2018$ MACETAS S$.$A$.$ bought in a special liquidation from a competitor company $80$ planters at $$3,100+$ VAT each.

In March it purchased from another supplier $30$ units for a total of $$149,940,$ VAT included.

First sale of year was in May to a nursery that bought from him $100$ planters at $$6,000+$ VAT.

In June it sold again $60$ units at $$6,000+$ VAT and at end of that month it bought $50$ units at $$3,900+$ VAT.

In July nursery returned $30$ planters to MACETAS S$.$A$.,$ for which corresponding cash was immediately refunded.

In October a final sale of $40$ planters was made at $$6,500+$ VAT.

On December $31,2018$ company made a physical count of planters which was $75$ units. For this company it is normal for up to $10\%$ of "theoretical" inventory to be missing at end of the year.

REQUEST:

$($a$)$ Perform accounting entries for year $2018$ of MACETAS S$.$A$.$ corresponding to facts described above. Perform also stock card.

$($b$)$ Submit T account "Inventories" for year $2018.$

$($c$)$ Make entry that company should have made when paying VAT on June $12.$ Remember that company pays on $12$th of each month VAT due for previous month when it is due.

$($d$)$ Determine cost of sales and value of ending inventory if company were to use LIFO or UEPS methods to account for cost of its inventories.