Question 3 On the 1st July 2021 Great Games Ltd had 150 play stations of the same model in stock at a cost of 100 each. The following transactions took place in July relating to the same lawnmower model: Date Transaction Units Price per unit 4th July Purchase 50 110 10th July Sale 120 200 18th July Sale 50 205 25th July Purchase 50 120 28th July Sale 40 230 Required: Great Games ltd values its stock on a FIFO basis at the end of each month. Calculate: a) The value of great Games closing Inventory at the 31st July 2021 (9 Marks) b) Based on the data in the table what do you think Great Games strategy is regarding its gross profit for this play station model. (3 Marks) (Total 12 Marks)