QUESTION 1 1.1 Complete the table for the transactions provided for each of the following methods of inventory valuation: 1.1.1 FIFO 1.1.2 Weighted Average Cost. (Round off the weighted average cost per unit to the nearest cent and all other amounts to the nearest Rand. Purchased Issued Stock on hand Date Quantity Price Value Quantity Price Value Quantity Price Value INFORMATION The following transactions of Audrey Manufacturers took place during May 2020 in respect of a component used in Project Alpha: May Transactions 01 Opening inventory 150 units at R40 per unit 06 Issued to production 100 units 12 Purchased 450 units at R42 per unit 21 Issued to production 400 units per unit 26 Purchased 900 units at R45 per 30 Issued to production 700 units 1.2 REQUIRED Use the information provided below to calculate the following for April 2019: 1.2.1 The labour cost to company in respect of Henry. 1.2.2 The labour rate per hour. INFORMATION The basic annual salary of Henry, who is employed at a project of Vita Limited, for 2019 was R240 000. Henry's normal working day is 8 hours and his normal working week extends from Monday to Friday. There were three public holidays in April 2019, two of which fell on weekdays. There were also four weekends in April 2019. Vita Limited made the following contributions in respect of Henry for April 2019: Pension 10% of the basic salary Medical aid R600 Henry was awarded a productivity bonus of 10% of his basic salary for April 2019