QUESTION 2 (15 MARKS) The following financial information belongs to Chloe Manufacturing Company for the year ended December 31, 2021. Inventory at the beginning of quarter 1: 500 units at $25 per unit. The company uses a Periodic/ Physical Inventory System. Units Purchase Cost Selling Price per Quarter Purchased Units Sold Unit 1 300 $30 300 $50 2 400 35 300 52 3 400 36 300 56 4 300 37 300 60 per Unit REQUIRED: 1) Calculate value of inventory at 31 December 2021 using: a) First-in-First-Out. b) Last-in-First-Out c) Weighted Average