1,1 Cuisine (Pty) Ltd produces luxury water bottles. During the year 2021, the company produced 28 000 bottles and sold 26,500 bottles. Fixed production overheads are applied using units produced as allocation base. The actual fixed production overheads were the same as what had originally been budgeted, but actual production was 2 000 units more than expected. The direct labour hours for the year amounted to 30 000 hours. $ Sales Price per unit $ Total Variable Direct Material $ Variable Direct Wages per hour $ Total Budgeted Fixed Production Overheads $ Total Fixed selling and Marketing costs $ Variable selling and marketing costs per unit) $ 25,00 65 000,00 2,50 260 000,00 50 000,00 2,00 REQUIRED: Calculate the value of closing Inventory Finished Goods using the Absorption Costing system. Fixed Production Overheads Budgeted Units Recovery Ratel R Manufacturing cost Direct Material Direct Labour Fixed Production Overheads Product Cost per unit! Closing Inventory Finished Goods = =