1 (20 Marks) 1.1 REQUIRED Use the information provided below to calculate the Cost of sales for 2023. (5 marks) INFORMATION Oyster Manufacturers had an inventory of 30 000 units of Product B (at a production cost of R11 per unit) on 01 January 2023. An additional 600 000 units are expected to be produced during 2023. The unit production cost of Product B is expected to be R12 per unit during 2023. An inventory of 45 000 units is expected on 31 December 2023. The first-in-first-out method of valuing inventories is used. 1.2 REQUIRED Should Mermaid Stores use its overdraft facility to settle the debt within 12 days? Motivate your answer with the relevant calculations. (5 marks) INFORMATION Westbrook Wholesalers granted credit terms of 60 days to Mermaid Stores but is prepared to allow a 3.5% rebate if Mermaid Stores pays the account within 12 days. Interest on overdraft is charged at a rate of 20% per annum. 1.3 REQUIRED Use the information provided below to determine the number of units that should be produced for January and February 2024. (5 marks) INFORMATION The estimated sales volumes of Savoy Manufacturers for January, February and March 2024 are as follows: Units January 36 000 February 30 000 March 32 000 The policy of Savoy Manufacturers is to maintain a closing finished goods inventory each month at a level equal to 50% of the next months budgeted sales. 1.4 REQUIRED Use the information provided below to determine the number of orders that SS Traders should place during 2024, that also considers the most economical order quantity. (5 marks) INFORMATION The annual demand for 2024 of an item sold by SS Traders is expected to be 5 000 units. The selling price is R6 per unit and the item is sold at cost plus 50%. The ordering cost amounts to R10 per order and the unit holding cost is equal to 10% of the cost of the item