$4\mathrm{.}1.$REQUIRED

Complete the table below for the transactions provided using the following methods of inventory

valuation:

$4\mathrm{.}1\mathrm{.}1.$ Weighted average cost

$4\mathrm{.}1\mathrm{.}2.$FIFO

INFORMATION

The following information was extracted from the records of Fan Limited, a manufacturing company, for

an inventory item called Fan Plus used in Project Amy for March $2024$:

$4\mathrm{.}2$ Earned Value Management $($EVM$)$ serves a crucial role in project management by providing a

structured and integrated approach to monitor, control, and analyse project performance, particularly in

terms of schedule and cost. You are required to discuss what is the purpose of EVM for schedule and

cost control.