Toys Limited uses the perpetual inventory system for measuring material issues from stores to production. Balance on 1 October 20X5 is valued at R850 500 units @ R1.20 each 200 units @ R1.25 each The following receipts and issues were recorded during October: 8/10/20X5 Purchase 600 units @ R1.30 each 20/10/20X5 Purchase 600 units @ R1.50 each 29/10/20X5 Issue 1 500 units 

Required: 

a) Compile an inventory ledger card on the basis of a perpetual inventory system using the FIFO and weighted average methods. 

b) Calculate the value of the closing inventory on the basis of a periodic inventory system using the FIFO and weighted average methods.