Tindo ltd buys and sells product . On 1 June 2022, stock in hand consisted of 5,500 units which were acquired at ksh. 50 per unit. The operations for the month were as follows:

Date Purchases Sales

June 2       6,000 @ ksh.48

          4      6,500 @ ksh. 60

          5       7,500 @ ksh. 49

          7       4,000 @ ksh. 50

        11        8,000 @ ksh. 61

         12      6,000 @ ksh. 50

        13        6,000 @ ksh. 47

         18       5,000 @ ksh. 62

         19        8,000 @ ksh. 64

         20        6,000 @ksh. 49.50

         21         5,000 @ ksh. 65

        22          7,000 @ ksh. 50

        25          6,000 @ ksh. 49

        26           2,000 @ ksh. 47

         28         500 @ ksh. 60

         29          14,000 @ ksh. 64

The company incurred operating cost of ksh. 450,000 during the month.

Required:

Prepare the stores ledger card using FIFO AND WEIGHTED AVERAGE

Ascertain the closing inventory and cost of sales using each of the two methods.

Prepare the trading account for the month