Question 3 (9 marks) CCL Company uses a periodic inventory system to manage their inventory. The opening inventory purchases and closing inventory of CLL Company are given in Table 2 below. Required: Based on the above data, calculate each of the following: a) Cost of Sales under the cost flow assumption of FIFO (3 marks) ANSWER a): b) Cost of Closing Inventory under the cost flow assumption of FIFO (2 marks) ANSWER b): c) Cost of Sales under the cost flow assumption of Weighted Average (2 marks) ANSWER c): d) Cost of Closing Inventory under the cost flow assumption of Weighted Average ( 2 marks)