Question 2 (Total: 50 Marks) CIPS Sdn Bhd is reseller of computer equipment and uses a perpetual inventory system to record inventory. The following transactions occurred for the month of August 2019 August 1 Buys August 6 Sells August 12 Buys August 18 Sells August 22 Buys August 28 Sales 800 units @ RM8.00 500 units 400 units @ RM8.30 450 units 500 units @ RM8.40 450 units Required: a) Determine the cost of goods sold for the month of August 2019 and the ending inventory balance at August 2013, if the company uses the following cost flow assumptions: i) First-In-First-Out (FIFO) ii) Last-In-First-Out (LIFO)