3.2 Calculate cost of sales for the month of August 2021 for Honeysuckle Traders. Show all workings as marks will be allocated. (8) Question 3 (Marks: 30) Honeysuckle Traders is a plumbing shop located in Pretoria and is a registered VAT Vendor. The following transactions took place during the month of August 2021 relating to sale of goods: DATE 5 6 7 9 10 12 13 18 20 22 23 Transaction Purchased goods from Blockfree Ltd R12 650 (including VAT). Sold goods for cash R2 000 (excluding VAT). Purchased goods for cash R13 800 (including VAT). Sold good on credit to Mr Drain R1 150 (including VAT). Mr Drain returned goods R230 (including VAT). Purchased goods on credit from Pipes Unlimited R10 000 (excluding VAT). Returned damaged goods to Pipes Unlimited R5 000 (excluding VAT). Purchased goods on credit from Waterworks Ltd for R3 450 (including VAT). Owner took goods for personal use R2 000 (excluding VAT). Sold goods for cash R1 380 (including VAT). The inventory balance as at 31 July 2021 = R45 000 The inventory balance as at 31 August 2021 = R48 000 Carriage on purchases for August = R2 500 excluding VAT Import duties on purchases for August = R1 500