Task 2 Details for receipts and issues of Gabriel Ltd for the year 2019 were as follows: Receipts Issues January 145 kgs @ $17 February 270 kgs @ $18 March 177kgs @ $25 April 232 kgs @ $19 June 134 kgs @ $25 246 kgs @ $20 August November 212kgs @ $27 169 kgs @ $30 December 148kgs @ $ 21 (a) You are required to prepare profit statements for the year ending 31 December 2019 when stock is based on: (i) FIFO method (4 marks) (ii) AVCO method (4 marks) (b) Discuss how inventory is valued according to IAS 2 (2marks)