2.3 2.3.1 2.3.2 2.3.3 2.2 Monthly sales Carrying costs as a percentage of the unit purchase price Purchase price per unit Cost of placing an order Use the information provided below to prepare an extract of the statement of comprehensive income that reflects the value of closing inventory and gross profit for the year ended 30 June 2021, using the following methods of inventory valuation: 2.2.1 Weighted average cost method (with the weighted average cost per unit rounded off to the nearest cent). 2.2.2 First-in-first-out method. INFORMATION 60 units at R2 100 each were purchased on 31 August 2020. 80 units at R2 200 each were purchased on 01 December 2020. 20 units at R2 400 each were purchased on 20 May 2021. During the financial year ended 30 June 2021 Glassfit Traders sold 160 shower doors at R3 200 each. Calculate the following ratios for 2020. Express answers to two decimal places. Inventory turnover Debtor collection period Acid test ratio INFORMATION 4 000 units Glassfit Traders, a seller of shower doors, had an inventory of 40 shower doors at a cost of R2 000 each on 01 July 2020 (the beginning of the financial year). The following purchases were made during the financial year ended 30 June 2021: The financial statements of Carnival Limited are provided below. 10% R50 R10 (5 marks) (5 marks) (2 marks) (2 marks) (2 marks)