2. A wholesaler had opening inventory of 300 units of product Emm valued at $25 per unit at the beginning of January. The following receipts and sales were recorded during January Date 2 Jan 12 Jan 21 Jan 29 Jan Issues 250 400 200 75 The purchase cost of receipts was $25.75 per unit. Using a weighted average method of valuation calculate the value of closing inventory at the end of January