PLEASE HELP ME I WILL GIVE GOOD RATING

Alia Sdn Bhd (ASB) is a manufacturing company that producers pillows. One of the pillows produced by ASB is called CoZie. Each unit of CoZie requires 30 grams of raw material. ASB maintains its inventory of raw materials by using a perpetual inventory control system. Currently, ASB values its inventory using the Last In First Out (LIFO) basis. However, the manager proposed to change the methods to Moving Average (MAVG) basis. Total expenses incurred in this month is RM850. The following information is available for the month of October 2021. Date Transaction 2021 Oct 1 Opening inventory of cotton 8,500 grams at RM0.40 per gram. Oct 3 Purchases 8,400 grams of cotton at RM0.42 per gram. Oct 5 Produced 500 units of Cozie. These units were sold at a total value of RM6,600. Oct 8 Purchased 7,500 grams of cotton at RM0.46 per gram. Oct 15 Produced 120 units of CoZie. These units were sold at a total value of RM1,290. Oct 20 Produced 156 units of CoZie. These units were sold at a total value of RM3,320. Oct 28 Purchased 1,500 grams of cotton at RM0.48 per gram. Required: (a) Using the following methods calculate the value of closing inventory as at 31 October 2021. (Round your answers to 2 decimal points. Eg: 2.36516 = 2.37) (1) Last in, First out method (LIFO) (ii) Moving Average method (MAVG) (6) Prepare a summarised statement of profit or loss for the month of October 2021 using inventory valuation methods in part (a). (c) Describe TWO (2) advantages of MAVG