QUESTION FOUR (25 Marks) 4.1 Complete the table for the transactions provided for each of the...

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QUESTION FOUR (25 Marks) 4.1 Complete the table for the transactions provided for each of the following methods of inventory valuation: 4.1.1 FIFO (7) 4.1.2 Weighted Average Cost. (Round off the weighted average cost per unit to the nearest cent and all other amounts to the nearest Rand. (6) Purchased Issued Stock on hand Date Quantity Price Value Quantity Price Value Quantity Price Value INFORMATION The following transactions of Audrey Manufacturers took place durinMay 2020 in respect of a component used in Project Alpha: May Transactions 01 Opening inventory 06 Issued to production 1622 Purchased Issued to production Purchased 26 30 Issued to production 150 units at R40 per unit 100 units 450 units at R42 per unit 400 units per unit 900 units at R45 per unit 700 units 4.2 Write a mini essay where you will compare and contrast FIFO (First-In, First-Out) and Weighted Average methods of inventory valuation. Discuss the advantages, disadvantages, and situations where each method is most suitable. (12) OL X P W 50 23C Cloud QUESTION FOUR (25 Marks) 4.1 Complete the table for the transactions provided for each of the following methods of inventory valuation: 4.1.1 FIFO (7) 4.1.2 Weighted Average Cost. (Round off the weighted average cost per unit to the nearest cent and all other amounts to the nearest Rand. (6) Purchased Issued Stock on hand Date Quantity Price Value Quantity Price Value Quantity Price Value INFORMATION The following transactions of Audrey Manufacturers took place durinMay 2020 in respect of a component used in Project Alpha: May Transactions 01 Opening inventory 06 Issued to production 1622 Purchased Issued to production Purchased 26 30 Issued to production 150 units at R40 per unit 100 units 450 units at R42 per unit 400 units per unit 900 units at R45 per unit 700 units 4.2 Write a mini essay where you will compare and contrast FIFO (First-In, First-Out) and Weighted Average methods of inventory valuation. Discuss the advantages, disadvantages, and situations where each method is most suitable. (12) OL X P W 50 23C Cloud