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please assist 1.6 The following information was extracted from the records of Boyle Stores for May 2020: May Units of Cost price inventory per unit

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1.6 The following information was extracted from the records of Boyle Stores for May 2020: May Units of Cost price inventory per unit 01 Inventory on hand 4 000 R20 14 Purchases 20 000 R22 21 Purchases 16 000 R24 31 Sales for May 2020 22 000 The value of inventory on 31 May 2020, using the First-In-First-Out (FIFO) method is (3) A R432 000 B R388 000 C R428 000 D R360 000Questions 1.7, 1.8 and 1.9 are based on the following information: The Debtors List given below was extracted from the books of Sippy Stores on 31 March 2020, before some errors were discovered: Debtor Debit (R) G. Fritz 4 600 R. Roman 5 300 H. Hammond 1 400 11 300 The following errors must now be taken into account to correct the debtors list: 1. A credit sale of goods for R640 to H. Hammond was erroneously posted to his account as R460. 2. A credit invoice issued to G. Fritz for goods sold was erroneously recorded in his account as sales returns, R600. 3. Interest charged at 12% p.a. on R. Roman's account that was overdue for three months was not posted to his account. 1.7 The correct balance of H. Hammond's account is (3) A R2 040 B R1 220 C R1 580 D 1480

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