Antwer AL quesfions in this psper. QuESTION 1 (16h AARKS) (20 marks) 1.1 REQUIRED Study the informabion given below and draw up the Production Budget tor January and Febnuary 2004 ENFORMATION (6 marks) The number of units of Product X expected to be sold by Questor Manufacturers and the desired closing inventony (in units) for the period 01 December 2023 to 28 February 2024 is aiven below 12 REQUIRED Calculate the following from the information provided below: 1.2.1 Value of closing inventory using the first-in-first-out (FIFO) method 1.22 Value of issues to production using the first-in-first-out (FIFO) method (3 marks) 1.23 Value of closing inventory using the weighted average cost method ( 2 marks) INFORMATION (4 marks ) The following transactions of Gem Manulacturers took place during August 2022 in respect of a component used in production: 1.3 REQUIRED Use the information given below to calculate the most economic quantity to order each time for 2023 (expressed to next whole number). (5 marks) INFORMATION Milton Wholesalers expects to sell approximately 3600 cases of soap per month during 2023. Each case of soap costs R200. The cost of placing an order for soap is estimated to be R20. The inventory holding cost of one case of soap is 5% of the unit purchase price