Question 2 - Stock valuation (5 marks) The following transactions are available in respect of inventory for the year ended 31 June in the business of Pawa CC. The following items of stock were bought in 2013: January April October 10 at N$30 each = 300 10 at N$ 34 each = 340 20 at N$40 each = 800 The following items of stock were sold in 2013: May November 8 for N$50 each = 400 24 for N$60 each = 1 440 You are required to: a) Calculate closing stock using the Weighted Average Costing Method