1.3 REQUIRED Study the information given below and calculate the cost (as a percentage, expressed to two decimal places) to Oudtshoorn Stores of not accepting the discount. (4 marks) INFORMATION Jimbo Wholesalers credit terms to Oudtshoorn Stores are 60 days but the supplier is prepared to allow a 2.5% rebate if Oudtshoorn Stores pays the account within 12 days. QUESTION 2 (20 MARKS) 2.1 REQUIRED Use the information given below to calculate the net value of issues to production for May 2023 and value of closing inventory as at 31 May 2023 using the following methods of inventory valuation: 2.1.1 First-in-first-out (5 marks) 2.1.2 Last-in-first-out (5 marks) 2.1.3 Weighted average cost. (Express the average cost per unit in rands and cents.) (5 marks) INFORMATION The following information for May 2023 was extracted from the records of Kens Limited, a manufacturing company, for a component used in production: Date Transaction details Opening inventory: 01 3 000 units at R17 each Purchased from a supplier: 03 46 000 units at R18 each 16 37 000 units at R19 each 23 15 000 units at R20 each Returned to the supplier: 04 1 000 damaged units (purchased 03 May) Transferred to the production department: 80 000 units during May 2023 2.2 REQUIRED Use the information given below to calculate the quantity that will minimise the total ordering and storage costs during 2024. (5 marks) INFORMATION Kip Enterprises intends purchasing 2 000 units of product Yogo per week during 2024 at R52 per unit. The following additional costs are incurred: Ordering cost R25 per order Stockholding cost 10% of the unit purchase price