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$\frac{2}{3}$

$73\%$

Question $1$

$(15$ Marks$)$

The foltowing transsacions of BK LXd took place during Aprl $2023$ in respect of a component used in production.

$\backslash$table$[[$Apr $01,$Opening Inventory,$90$ units at R$10$ per unit$],[2,$lssued to production,$40$ units$],[5,$Purchased from supplier,$150$ units at R$11$ per unt$],[8,$Issued to procuction,$25$ unts$],[12,$Purchased from supplier,$60$ ints at R$12$ perunt$],[15,$Issued to production,$55$ units$],[20,$Returned to supplier,$20$ units$]]$

Required

$1\mathrm{.}1$ Using the FFFO mathod calculate the issue price to ploduction and the value of closing inventry.

$(12)$

$1\mathrm{.}2$ Explain any fwo advantages of the FIFO muthod of sock valuation

$(3)$