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ad aloud QUESTION 2 2.1 + 3 of 9 (20 MARKS) REQUIRED Use the information provided below to prepare an extract of the Statement
ad aloud QUESTION 2 2.1 + 3 of 9 (20 MARKS) REQUIRED Use the information provided below to prepare an extract of the Statement of Comprehensive Income for the month ended 31 December 2022, which includes the closing inventory and gross profit for each of the following methods of inventory valuation: 2.1.1 FIFO method (5 marks) 2.1.2 Weighted average cost method (with the cost per unit expressed to the nearest cent) (5 marks) INFORMATION December Transactions Units of inventory Unit price 01 Opening inventory 6 000 R20 10 Purchases 12 000 R22 21 Purchases 2 000 R24
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