Use the information provided below to calculate the value of the closing inventory as at 31 March 2019 using the first-in-first-out (FIFO) and weighted average cost (WACO) methods: Information: The following information was extracted from the records of Jubilee Traders for March 2019: Units of Inventory Inventory on 1 March 2019 3 000 1 000 9 000 3 000 Price per unit R11 R10 R12 R13 Purchased on 9 March 2019 Purchased on 17 March 2019 Note: - 1 000 units purchased on 17 March 2019 were returned to the supplier due to poor quality. - 12 000 units were sold during March 2019. The value of the closing inventory using the two valuation methods are: Select one: A. FIFO = R33 000 and WACO = R35 400 B. FIFO = R38 000 and WACO = R44 250 C. FIFO = R39 000 and WACO = R44 250 D. FIFO = R38 000 and WACO = R35 400