ACCHE GROUP EXERCISE 2 (Wednesday, 20 November 2019) Pineapple Sdn Bhd pul ver purcha s es is types of computer Components. The companys im. Below is mary of the beginning inventory December 2015 Quantity L CRM CRM 100 units 6 Purchase 1 Sale 21Purch 24 Sale 27 Purchase 30 Sale 90 units 30 units The operating expenses for December was RM1,900. Required: . Calculate the ending inventory and cost of goods sold using First-in, First-out (FIFO) and Weighted average cost (WAC). b. Prepare the statement of profit or loss showing profit for the year for both FIFO and WAC cost flow methods. . Which inventory method will you use if your motive is to report inventory on the statement of financial position at the most recent cost? d. If all of the units in the ending inventory calculated in (a) above could only be sold at market value of RM6 per unit, what would be the ending inventory? Record the adjusting journal entry using FIFO cost-flow method