Question: 1 (20 Marks) 1.1 REQUIRED Study the information given below and draw up the Production Budget for January and February 2024. (6 marks) INFORMATION The

1 (20 Marks) 1.1 REQUIRED Study the information given below and draw up the Production Budget for January and February 2024. (6 marks) INFORMATION The number of units of Product X expected to be sold by Questor Manufacturers and the desired closing inventory (in units) for the period 01 December 2023 to 28 February 2024 is given below: Month Sales Closing inventory December 2023 24 000 6 000 January 2024 16 000 5 400 February 2024 14 000 5 000 1.2 REQUIRED Calculate the following from the information provided below: 1.2.1 Value of closing inventory using the first-in-first-out (FIFO) method (3 marks) 1.2.2 Value of issues to production using the first-in-first-out (FIFO) method (2 marks) 1.2.3 Value

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