[100 MARKS] SECTION A Answer ALL the questions in this section. Question 1 (6 marks) Answer the questions from the information provided. 1.1 Use the information provided below to answer the following questions: 1.1.1 Determine the production requirements (in units) for each month of the quarter ending 30 September 2022 1.1.2 Calculate the expected cost of production for July and August 2022. INFORMATION (3 marks) The information given below was supplied by Pharma Manufacturers The expected sales for July to October 2022 are as follows: Units July 4 000 August 4 500 September 5 000 October 6 000 Finished units equal to 40% of the sales of the following month are expected to be in inventory at the end of each month. 1 The first-in-first-out method is used to value inventories. The production cost per unit is expected to amount to R27.50 per unit for August 2022, 10% more than the cost for July 2022 1.2 Use the information provided below to prepare the Proforma Statement of Financial Position of CVB (11 marks) Enterprises as at 31 December 2021 INFORMATION The following information was extracted from the statement of financial position of CVB Enterprises on 31 December 2020 R Cash in bank 160 000 Equity 2 200 000 Equipment 1 000 000 Inventories 640 000 Accounts payable 600 000 Non-current liabilities 0 Accounts receivable 1 000 000 Additional information : The sales for the year ended 31 December 2020 was R4 000 000 The sales are expected to increase by R1 000 000 for the year ended 31 December 2021. : The after-tax return on sales is estimated at 10%. Seventy percent (70%) of the profe after tax is expected to be paid out as dividends during 2021 An unfavourable bank balance of R100 000 is expected on 31 December 2021 The amount of external funding required (non-current fiabilities) must be calculated Except for the above, the percentage-of-sales method must be used to prepare the statement of financial position