XYZ Inc. is a newly established international trading company. It commenced its operation in 2009. XYZ imports goods from China and sells in the local market. It uses the FIFO method to value its inventory. Listed next are the purchases and sales made by the entity during the year 2009: Purchases: January 2009 10 000 units @ R 25 each March 2009 15 000 units @ R 30 each September 2009 20 000 units @ R 35 each Sales: May 2009 15 000 units November 2009 20 000 units REQUIRED: Based on the FIFO cos