Question: REQUIRED Use the information provided below to calculate the value of the components issued to production during September 2G2 and the value of closing inventory

 REQUIRED Use the information provided below to calculate the value of

REQUIRED Use the information provided below to calculate the value of the components issued to production during September 2G2 and the value of closing inventory as at St} September 22l] using the following methods of inventory valuation: 2.2.1 Firstinrstout (FIFO) (5 marks] 2.2.2 Weighted average oost (with the weighted average cost per unit rounded off to the nearest cent}. (5 marks] ll'l FORMATION The following transactions of Fego Manufacturers took place during September 22l} in respect of a component used in production: [11 IIilpening inventory 4so units @ R20 per unit Purchased from a supplier Silt] units @ R23 per unit 3t} Issued to production during September 1 Still units - - _ _ _ n - {1'1

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