2.1 Use the information given below to calculate the net wage of M, Rashford for the last week of June 2022 (5 marks) 2.2 INFORMATION M, Rashford is employed by United Enterprises. The normal working week is 42 hours. M, Rashford worked for 49 hours during the last week of June 2022. He is remunerated at R78 per hour during normal working hours. Overtime is calculated at 2 times the normal rate. The following are his deductions for the week: Medical aid fund R420 Pension fund Income tax 9% of the normal wages R920 United Enterprises contributes the same amount as the employees towards the medical aid fund and pension fund. Calculate the value of closing inventory on 31 January 2023 using the: The following transactions of Mia Limited took place during January 2023 in respect of a component XYZ used in production: Jan Stock of component XYZ on hand 01 Issued to production 08 Purchased from supplier 300 units @R48 per unit 220 units 400 units @ R50 per unit 12 Returned to supplier (purchased on 12 January 2022) 60 units 15 Issued to production 18 Purchased from supplier 25 Issued to production 340 units 280 units @ R52 per unit 260 units 27 2.2.1 First-in-first-out (FIFO) method 2.2.2 Weighted Average Cost Method (10 marks) (10 marks)