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The following data relate to the business of Aamir& Co. Date Units Unit Cost / Price Nov. 1 Beginning inventory 6,000 Rs. 100 Nov. 5

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The following data relate to the business of Aamir& Co. Date Units Unit Cost / Price Nov. 1 Beginning inventory 6,000 Rs. 100 Nov. 5 Purchased 3,000 Rs. 150 Nov. 15 Sold 4,000 Rs.250 Nov. 25 Purchased 7,000 Rs. 180 Nov. 30 Sold 6,000 Rs.300 REQUIRED (ii) Prepare inventory card under FIFO and LIFO Method. Compute cost of goods sold and merchandise inventory (ending) under FIFO and LIFO Method & calculate gross profit

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