The following information relates to the receipts and issues of stock by Maxim Manufacturing for the year ended December 2019. There was no opening stock. Receipts: January 100 units at $30 each $3,000 April 100 units at $34 each $3,400 October 200 units at $40 each $8,000 Issues May 80 units @ $50 each $ 4,000 November 240 units @ 60 each $14,400 A) Prepare the Stock Card for the period ended December 2019. Using both the FIFO and LIFO methods on a perpetual inventory basis, calculate the closing stock in trade that would be shown.