1 (20 Marks) Answer the questions from the information provided. REQUIRED 1.1 Complete the table below in respect of a component used for a project during May 2021, using each of the following methods of inventory valuation: 1.1.1 First-in-first-out (FIFO) (6 marks) 1.1.2 Weighted average cost (Express the average cost per unit to the nearest cent.) (6 marks) INFORMATION Purchases Issues Balance Date Quantity Price Amount Quantity Price Amount Quantity Price Amount 01 1 000 R20 R20 000 09 900 ? ? ? ? ? 12 1 900 R22 R41 800 ? ? ? 18 1 500 ? ? ? ? ? 22 4 500 R24 R108 000 ? ? ? 27 27 3 000