Question: QUESTION 1: The data below relates to Covid Sdn Bhd for the month of April. Stocks on 1st April were 0 unit. April purchases and

QUESTION 1: The data below relates to Covid Sdn Bhd for the month of April. Stocks on 1st April were 0 unit. April purchases and sales were as follows: Calculate the ending inventory, cost of goods sold and gross profit using the following methods: a. FIFO b. LIFO QUESTION 2: By referring to five published journals, write a literature review on how the conceptual framework of accounting can impact the business performance of a firm

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