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Each transaction is worth 0,5 point and also 1 point for proper value of ending inventory and cost of sales.

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Required: Calculate ENDING INVENTORY and COST OF SALES using LIFO and weighted average method. Show all calculations.

Material X supplementary ledger information

Transaction	Type of transaction	Number of units	Purchase price / unit
1. / 01.03.2020	opening balance	100 units	$2,50/unit
2. /05.03.2020	purchase	40 units	$3,00/unit
3. / 10.03.2020	sale	80 units
4. / 22.03.2020	purchase	10 units	$4,50/unit