Question: PLEASE ANSWER URGENTLY, AND SHOW ALL STEPS! QUESTION 2 [25 Marks] 2.1 Information: The following transactions of Heron Ltd took place during January 2022 in
PLEASE ANSWER URGENTLY, AND SHOW ALL STEPS!
![PLEASE ANSWER URGENTLY, AND SHOW ALL STEPS! QUESTION 2 [25 Marks] 2.1](https://s3.amazonaws.com/si.experts.images/answers/2024/09/66e14f6071650_95266e14f6006898.jpg)
QUESTION 2 [25 Marks] 2.1 Information: The following transactions of Heron Ltd took place during January 2022 in respect of component X used in production: Calculate the value of closing inventory on 31 January 2022 using the: 2.1.1 First-in-first-out (FIFO) method (10 marks) 2.1.2 Weighted Average Cost Method (10 marks) 2.2 Information: The basic monthly salary of Freddy is R10 000 . She is entitled to an annual bonus of R9 000. Her employer contributes R9 000 per annum to her pension fund. She works for 9 hours per day from Monday to Friday each week. She is entitled to 28 days paid vacation leave. There are 12 public holidays in the year ( 365 days), 9 of which fall on weekdays
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
