Answer ALL questions in this paper. [100 MARKS] 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 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: 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 of closing inventory using the weighted average cost method (4 marks) INFORMATION The following transactions of Gem Manufacturers took place during August 2022 in respect of a component used in production