The information below relates to purchases made by Magna enterprise for the year 2021. Month Number of phones Price (AED) January 10 500 February 8 600 March 9 500 April 10 550 May 10 600 June 10 500 July 12 550 August 10 600 September 12 650 October 15 500 November 15 550 December 10 700 Assuming 104 phones were sold during the year, calculate the cost of closing inventory using FIFO, LIFO and WAC