Use the information provided to answer the questions.
1.1. Complete the table provided using the weighted average cost (AVCO) method (with the weighted average cost per unit expressed to the nearest cent). (4 marks)

TRANSACTIONS
The following transactions of Sinotec Manufacturers (that uses the perpetual inventory system) took place during
April 2021 in respect of a component used in production:
April Transactions
01 Opening inventory 50 units @ R20 per unit
06 Issued to production 30 units
16 Purchased from a supplier 170 units @ R22 per unit
20 Returned to the supplier (See purchase on 16th) 100 units
21 Issued to production 80 units

1.2 Calculate the remuneration of Mary for the day using Taylor’s differential piecework system from the
following information (4 marks)

INFORMATION
Standard time allowed 10 minutes per unit
Standard work day 8 hours
Normal wage rate R120 per hour
Premium 110% of piecework rate if standard or above standard;
90% of piecework rate if below standard
Mary’s production for the day 50 units