QUESTION 2 (20 marks) (24 minutes) Bongi Ltd incurred the following transactions, relating to inventory, during the month of March 2020: Rand Units per unit 1 March 2020: Opening balance 400 25 2 March 2020: Sales 100 30 7 March 2020: Purchases 275 27 15 March 2020: Sales 300 35 25 March 2020: Purchases 500 30 30 March 2020: Sales 250 36 REQUIRED: Marks 6 (a) Calculate the cost price of closing inventory, using the FIFO method, for both the perpetual and periodic inventories recoding systems; (b) Calculate the cost price of closing inventory, using the weighted average method, for both the perpetual and periodic inventories recording systems. 14 [20]