Answer the questions from the information provided. 2.1 Use the information given below to calculate the value of closing inventory as at 31 May 2022 and the value of issues to production for May 2022 using the following methods of inventory valuation: 2.1.1 Weighted average cost (with the average cost per unit expressed to the nearest cent). (5 marks) 2.1.2 First-in-first-out (FIFO) (5 marks) INFORMATION The following transactions of Mascor Manufacturers, which uses the periodic inventory system, took place during May 2022 in respect of a component used in production: Answer the questions from the information provided. 2.1 Use the information given below to calculate the value of closing inventory as at 31 May 2022 and the value of issues to production for May 2022 using the following methods of inventory valuation: 2.1.1 Weighted average cost (with the average cost per unit expressed to the nearest cent). (5 marks) 2.1.2 First-in-first-out (FIFO) (5 marks) INFORMATION The following transactions of Mascor Manufacturers, which uses the periodic inventory system, took place during May 2022 in respect of a component used in production