2.2 2.2.1 REQUIRED Use the information provided below to calculate the: Value of inventory on 30 June 2015 using the weighted average cost method (with the weighted average cost per unit rounded off to the nearest cent). Value of inventory on 30 June 2015 and gross profit for the year ended 30 June 2015, using the first-in-first-out method. (3) 2.2.2 (5) INFORMATION Grassit Traders, a seller of lawn mowers, had an inventory of 20 lawn mowers at a cost of R1 000 each on 01 July 2014 (the beginning of the financial year). The following purchases were made during the financial year ended 30 June 2015: 30 units at R1 050 each purchased on 31 August 2014 R31 500 40 units at R1 100 each purchased on 01 December 2014 R44 000 10 units at R1 200 each purchased on 20 May 2015 R12 000 During the financial year ended 30 June 2015 Grassit Traders sold 80 lawn mowers at R1 600 each. REQUIRED Use the information provided below to determine the optimum mix of products that should be produced. Also indicate the total contribution that would be earned by Amaron Limited. INFORMATION Amaron Limited produces 3 products viz. Product A, Product B and Product C. The following information relates to the expected demand and the productive capacity for the month in respect of three products that it manufactures: Product A Product B Product C Contribution per unit of output R6 R5 R3 Machine hours required per unit of output 3 hours 1 hours 0.5 hours Estimated sales demand 1 000 units 1 000 units 1 000 units Machine capacity is limited to 3 000 hours for the month