mod Authenticate brawoox 197 Pty Lt Navigate Answer the questions from the information provided. 2.1 Calculate the value of closing inventory as at 31 August 2021 and cost of sales for August 2021 using the following methods of inventory valuation: 2.1.1 First-in-first-out (5 marks) 2.1.2 Weighted average cost (Express the average cost per unit in rands and cents.) 2.1.3 Last-in-first-out INFORMATION The following transactions took place during August 2021 in respect of a product sold by Mica Enterprises: (5 marks) (4 marks) Aug Transactions 19 01 Opening inventory 300 units @R20 per unit 15 155 Purchased from a supplier 1500 units @R21 per unit 27 22 Purchased from a supplier i 400 units @R22 per unit 28 Returned to the supplier (purchased on 27 August) 200 units 31 Sales for the month i 1500 units