Question $1(15$ Marks$)$ The following transactions of BK Ltd took place during April $2023$ in respect of a component used in production. $\backslash$begin$\{$tabular$\}\{|$r$|$l$|$l$|\}\backslash$hline Apr $01$ & Opening Inventory & $90$ units at R$10$ per unit $\backslash \backslash \backslash$hline $2$ & Issued to production & $40$ units $\backslash \backslash \backslash$hline $5$ & Purchased from supplier & $150$ units at R$11$ per unit $\backslash \backslash \backslash$hline $8$ & Issued to production & $25$ units $\backslash \backslash \backslash$hline $12$ & Purchased from supplier & $60$ units at R$12$ per unit $\backslash \backslash \backslash$hline $15$ & Issued to production & $55$ units $\backslash \backslash \backslash$hline $20$ & Returned to supplier & $20$ units $\backslash \backslash \backslash$hline $\backslash$end$\{$tabular$\}$ Required $1\mathrm{.}1$ Using the FIFO method, calculate the issue price to production and the value of closing inventory. $(12)$