CASE NOHAB-INVENTORY VALUATION METHODS TESCO is a British multinational groceries and general merchandise retailer with headquartets in Welwyn Garden City. Hertfordshire, England, United Kingdom. It is the third-largest retailer in the world measured by gross revenues. It has shops in seven countries across Asia and Europe. It is the market leader of groceries in the UK, Ireland, Hungary, and Thailand. It provides the following purchases and sales of Merchandise Inventory for the month of June 2020 Date Details June Purchases OMR Unitsumir Price 600 20 12,000 June Purchases 400 12000 June Purchases 200 34 6,800 19 June Purchases 40 245000 15 June Purchases 1.000 23 25.000 22 Total Purchases 12,8001 79.00 Date Details Units Unit OMR Price June Sales 36.000 2 une Sales 500 NO 40,000 17 June Sales 200 45 9.000 25 Total Sales 85.000 Company follows Perpetual Inventory System. All purchases and sales are on credit 11.2001 You are required to: a) Compute the cost of goods sold and closing inventory value under Weighted Average Method