the FIFO and weighted average methods QUESTION 2 1101 Build a Bear is a small toy shop which buys and sells Teddy Bears. The teddy bear price has fluctuated within the period of February 2017. You are given the following information for the month of February February 2017 1/02/17 Opening Balance - 200 units @ the total cost of R4 000 for all units 3/02/17 Sold 50 units. 5/02/17 Purchased 150 units @R22 per teddy bear. 6/02/17 Sold 100 units 8/02/17 Sold 80 teddy bears. 14/02/17 You conducted quality checks on all stock and identified 10 teddy bears with defects which came from the supplier. You returned the 10 teddy bears which were purchased on 05/02/17 15/02/17 Purchased 80 teddy bears @R23 per unit. 21/02/17 Sold 170 teddy bears. 27/0217 Purchased 70 units @ R24 per teddy bear 28/02/17 Closing inventory Balance and stock on hand for next month. Required: Calculate and record the values for the month of February using the FIFO (First-in-First-Out) method