Please include steps and explanations, thank you!

Required: Record all transactions in appropriate T-accounts (costs by nature, LIFO), close all accounts and calculate the ending balances. Opening balances: Material A: 100 units x 2,5 / unit = 250 Traded goods: 125 units x 3,1 / unit = 387,50 215 units x 2,9 / unit = 623,50 Trade payable: 1 261,00 a) The company purchased 20 units of Material B at 2,9 / unit and additional in-transport insurance od 0,4 / unit (cost of purchase applied). b) The company sold with cash 75 units of Material A at a price of 5/ unit and delivered the goods to the client. c) The company paid 300 of Trade payables. d) The company sold with deferred payment all Traded goods at a price of 7/ unit and delivered the goods to the client