QUESTION $1$

$(20$ Marks$)$

$1\mathrm{.}1$

REQUIRED

Use the information provided below to record the entry in the General Journal of Camilla Traders.

$(4$ marks$)$

INFORMATION

Joan owed Camilla Traders R$6000.$ Her account was overdue. On $28$ February $2025$ Camilla Traders charged Joan interest at a rate of $15\%$ per year for two months.

$1\mathrm{.}2$

REQUIRED

Calculate the value of closing inventory as at $28$ February $2025$ using the weighted average cost method. Express the weighted average cost per unit in rands and cents.

$(4$ marks$)$

INFORMATION

$\backslash$table$[[$February$,$Transactions,Units of inventory,Cost price per unit$],[01,$Opening inventory,$10000,$R$20],[12,$Purchased from a supplier,$25000,$R$21],[23,$Purchased from a supplier,$15000,$R$22],[28,$Sales for February,$45000,]]$