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Kindness Ltd sells a single product and uses the perpetual inventory system. The following information applies to the finished product stock: There were 240 units

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Kindness Ltd sells a single product and uses the perpetual inventory system. The following information applies to the finished product stock: There were 240 units @ R24.15 each (oldest stock) and 300 units @ R23.27 each on hand as at 1 July 2017. The following transactions relating to inventory occurred during July 2017: Use the First-in-First-out method of stock valuation to calculate the following (set your answer out in the following format)

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