QUESTION FOUR (20 Marks) 4.1 REQUIRED Complete the table below for the transactions provided using the following methods of inventory valuation: 4.1.1 Weighted average cost (7 marks) 4.12 FIFO (6 marks) Purchases Balance Issues/Returns to supplier Quantity Price Amount Date Quantity Price Amount Quantity Price Amount 01 INFORMATION The following information was extracted from the records of Planet Limited, a manufacturing company, for an inventory item called Fitness Plus used in Project A for March 2021: March Transaction details Opening inventory: 6 000 units @ R40 each. Invoice received for 144 000 units @ R44 each. Transferred 105 000 units to the production department. Returned 15 000 damaged units (purchased 07 March) to the supplier. Invoice received for 30 000 units at R48 each. 22 Transferred 45 000 units to production. 30 Invoice received for 15 000 units @ R52 each. 07 09 10 16