EPR Industries is a wholesaler that distributes boxes of toy cars to local shops. The company has a 31 December financial year end. The following inventory transactions occurred during January 2018: January 1 January 10 3 14 16 18 Purchases 220 boxes at R220 440 boxes at R231 110 boxes at R236 660 boxes at R249 220 boxes at R253 220 boxes at R264 25 24 Sales 220 boxes at R286 110 boxes at R286 220 boxes at R264 110 boxes at R286 220 boxes at R264 330 boxes at R308 330 boxes at R308 28 26 29 27 31 There was no opening inventory in January 2018. Required Calculate the gross profit using: 3.1. FIFO method (10) 3.2. Weighted average method (10) (The above can be calculated without use of tables)