Truelife Displays Manufacture LLC being new in the business, does not know the inventory recording procedures. You being a financial service provider, they approached you to make record transaction of their stores. Their requirement was to record stock under LIFO method for which they brought their business first month inventory transactions which are detailed below. You are required to fulfill Truelife companys requirement. Date Particulars Units Rate per unit (OMR) 1 st March Opening stock 500 20 4 th March Purchases 400 21 6 th March Issues 600 8 th March Purchases 800 24 9 th March Issues 500 13th March Issues 500 24th March purchased 500 25 28th March Issues 400