REQUIRED

Use the information given below to calculate the value of closing inventory as at $31$ March $2024$ and the value

of issues during March $2024$ using the following methods of inventory valuation:

$1\mathrm{.}3\mathrm{.}1$ First$-$in$-$first$-$out

$(5$ marks$)$

$1\mathrm{.}3\mathrm{.}2$ Weighted average cost. $($Express the average cost per unit in Rands and cents.$)$

$(5$ marks$)$

INFORMATION

The following transactions of Seatides Manufacturers took place during March $2024$ in respect of a component

used in production: