Answer the questions from the information provided. 2.1 Use the information given below to calculate the value of closing inventory as at 31 May 2022 and the value of issues to production for May 2022 using the following methods of inventory valuation: 2.1.1 Weighted average cost (with the average cost per unit expressed to the nearest cent). (5 marks) 2.1.2 First-in-first-out (FIFO) (5 marks) INFCRMATION A francial masager at Ascol Lid has gathered the folowing francial dats needed to prepare the Plo Forma Stalement of Financial Positon as at 31 December 2022 , foe end af the fintencial year. - Sales for 2022 is estristed to be R6 000000 . Sales for 2021 amounted to R4 000000 The business maintains a cash baltance of R160000. - Imrentaries, Accounts receivable and Accounts payable will te maintaned at the same pertentage df sales as for 2021 . - Anew vehidle and equipment wth a combined cost price of R2 000000 will be parchased during 2022. An old vehide with a cost price of PQ00 000 and actumulated depreciation of R150 000 is eapected to be sold at carrying value on 31 Decernber 2022 . Total depreciation for 2022 is expected to arrount to R600 600 . - 40000 ardinary shares will be offered for sale during August 2022 at R4 per share. - The business predicts a net proft margin of 10%. - The dirsctors are expected to propose a final dividend of R400 000, payable during 2023. - An amount of R320 000 is expected tn be paid to Sabre Bark, the non-oument lender, during 2022. This amount includes interest on ban of R120000 - The amount of non-ourtent exiemal funding required must be calculaked