1. The following transactions of Fernglen Limited, a manufacturer of children's' tables and chairs took place during April 2017 APRIL 01 03 08 17 20 21 Stock on hand Issued to production Returned from production to stores Purchased from supplier Issued to production Returned to supplier (purchased on 17 April 2017 Issued to production 600 units @ R220 per unit 350 units 50 units 2000 units R230 per unit 800 units 200 units 30 800 units 1.1 Determine the value of closing inventory based on the First-in-first-out (FIFO) method (13 marks)