You are the cost accountant of Excellent Construction Pty Ltd and your company buys and sells a single standard type of brick. The details for the year ended 31 June 2023 are as follows: 1. July 2022: Opening inventory: 600 bricks at R62 each 30 April 2022: Purchased 115 bricks at R65 each Carriage on these bricks amounted to R250 31 December 2022: Purchased 185 bricks at R75 each Carriage on the bricks amounted to R700 31 May 2023: Purchased 220 bricks at R85 each Carriage on the bricks amounted to R1200 During the financial year ended 31 June 2023,550 bricks were sold R 120 for each. Assume the business uses the FIFO method of valuing inventory