A company provides you the following information related to inventories for the month of Chaitra. Chaitra 1: Beginning inventory 500 units @ Rs.10 each Chaitra 9: Purchased 1,000 units @ Rs.12 each…

A company provides you the following information related to inventories for the month of Chaitra. Chaitra 1: Beginning inventory 500 units @ Rs.10 each Chaitra 9: Purchased 1,000 units @ Rs.12 each Chaitra 14: Sold 1,200 units @ Rs.15 each Chaitra 18: Purchased 500 units @ Rs.13 each Chaitra 24: Purchased 200 units @ Rs.11 each Chaitra 31: Sold 500 units @ Rs.20 each. Required: a. Cost of goods sold, ending inventory and gross profit under weighted average costing method. b. Cost of goods sold, ending inventory and gross profit under LIFO method