Anson started a business as a trader in July 20x9. He made the following goods purchases and sales in Jul 20X9 Beginning Inventory Jul. 1 Sold Jul. 5 Purchased Jul. 10 Sold Jul. 15 Purchased Jul. 25 Ending Inventory Jul. 31 Number of Units Unit Cost Sales Price 150 $21 120 $36 225 27 180 39 210 33 185 You are asked to calculate the value of closing inventory at the end of 31st July20x9 under each of the following methods: (1) FIFO (2) Weighted average You are also required to calculate the cost of goods sales and Gross profit for Anson