SECTION A [100 MARKS] Answer ANY FIVE (5) questions in this section. QUESTION 1 Answer the questions from the information provided. Use the information provided below to complete the table for each of the following methods of inventory valuation: 1.1 1.1.1 Weighted average (Round off the average cost per unit to the nearest cent.) (7 marks) FIFO (6 marks) Purchased/Returns in Issued/Returns out Stock on hand Date Quantity Price Value Quantity Price Value Quantity Price Value

INFORMATION The following transactions of Slik Manufacturers took place during May 2021 in respect of a component required for a project: May Transaction details 01 Opening inventory 12 000 units at R10 per unit 07 Issued to production 10 000 units 09 Purchased from a supplier 8 000 units at R12 per unit 11 Issued to production 8 000 units 16 Returned to the supplier (see 09 May) 1 000 units 22 Purchased from a supplier 9 000 units at R13 per unit 30 Issued to production 8 000 units 31 Returned from production to stores (Purchased on 22nd Issued on 30th) 2 000 units