QUESTION $1$

$(20$ Marks$)$

$1\mathrm{.}1$

REQUIRED

Use the first$-$in$-$first$-$out $($FIFO$)$ method of inventory valuation to complete the following table for the purchases and issues of components stated below:

$(6$ marks$)$

$\backslash$table$[[,$Purchases,Issues,Balance$],[$Date$,$Quantity,Price,Amount,Quantity,Price,Amount,Quantity,Price,Amount$],[,,,,,,,,,]]$Answer ALL questions. $(100$ MARKS$)$ QUESTION $1(20$ MARKS$)1\mathrm{.}1$ REQUIRED Use the first$-$in$-$first$-$out $($FIFO$)$ method to complete the table provided below for the stated transactions. $(4$ marks$)$ INFORMATION The following transactions of Max Enterprises took place during August $2022$ in respect of a component used in nenduction: