A firm has the following transactions with its product R Year 1 Opening stock: nil Buys 10 units at GHc 300 per unit Buys 12 units at GHc 250 per

A firm has the following transactions with its product R Year 1 Opening stock: nil Buys 10 units at GHc 300 per unit Buys 12 units at GHc 250 per unit Sells 8 units at GHc 400 per unit Buys 6 units at GHc 200 per unit Sells 12 units at GHc 400 per unit Year 2 Buys 10 units at GHc 200 per unit Sells 5 units at GHc 400 per unit Buys 12 units at GHc 150 per unit Sells 25 units at GHc 400 per unit Required: Calculate for both year 1 and year 2 the value of i. Cost of sales Using, separately, the weighted average and the FIFO methods of inventory valuation. Present all workings clearly

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