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Boje Retailers uses a prepupal inventory system and provides you with the follo information for their inventory during June 2020 10/10 Balance on 1 June, 300 units at R5 each June 5 Sold 100 units. 9 Purchases 2,000 units at R6 each 12 Returned 100 units to the supplier bought on 9 June. 14 Purchased 1 500 units at R6,50 each 22 Sold/2 000 units. 28 A customer returned 100 units sold on 22 June 29 /Sold 500 units. C Mialan Page 9 of 10 Examiner Moderator CENTRAL UNIVERSITY OF TECHNOLOGY, FREE STATE SENTRALE UNIVERSITEIT VIM TEGNOLOGIE, VRYSTART Central University of TUNIVESITHI E EOHARENG TA THEMENOLOJL FORESTATA Technology Free State Note: Round off the unit cost to two decimal places and the total cost to the nearest rand. Required: 5. Calculate the value of closing inventory using to FIFO method