1301 QUESTION FOUR You are a merchandis e manager at Best Bugs. The following data represents your 4.1 records of the annual inventory figures for a particular video game. Jan 1 May 14 Aug 27 Nov 18 200 100 250 300 Video games available 850 Beginning inventory Purchase Purchase Purchase units @ R800 units @ R850 units @ R900 units @ R875 The closing balance of inventory is 380. Calculate the closing balance value using the following inventory valuation methods on 31 December 4.1.1 First-In-First-Out (FIFO) 4.1.2 Weighted Average Cost (WAC)