From the following data, calculate the value of Closing Inventory according to FIFO and LIFO on Mar 31, 2010 using (i) Periodic Inventory System and (ii) Perpetual Inventory System.

Mar 1: Stock in hand 400 units @ Rs 7.50 each

Purchases

Mar 5

600 units @ Rs 8 each

Mar 15

500 units @ Rs 9 each

Mar 25

400 units @ Rs 8.50 each

Mar 30

300 units @ Rs 9.50 each

Issues

Mar 3

300 units

Mar 10

500 units

Mar 17

400 units

Mar 26

500 units

Mar 31

200 units