Question One Inventory Valuation Method Costing (10 marks Calculate the stock on hand @ January 2019 using the First-in-First-Out inventory valuation method and illustrate the answer by utilising a table as provided below? The following transactions of Marriage Manufacturers took place during January 2019 in respect of a component used in production: Stock on hand Issued to production 300 units @ R22 per unit 200 units 2 000 units @R24 per unit Purchased from supplier Issued to production Returned to supplier (purchased on 18 May 2019) Issued to production 200 units 700 units O Purchases Price Amount Unit Quantity Issues and returns Quantity Price Amount /Unit ty Amount Price Unit