Pot Limited (Ltd) uses a perpetual inventory system. The company concluded the following transactions for material OMS 1 during April 2018: Date Information 01 Opening balance of materials: 2 000 units at R 1 per unit 03 Purchased 2 400 units at R 1. 10 per unit Transport cost (to be capitalised) R 100 04 Issued 3 200 units to production 06 Purchased 4 000 units at R 1.15 per unit 07 Returned to supplier, 120 defective units (bought on 6th April.) 08 Issued 1 200 units to production 09 Returned to stores 200 excess units (from the issue on 8th April) 10 Purchased 6 000 units at R 1. 20 per unit 15 Issued 3 200 units to production Required: Using the FIFO method of inventory valuation, calculate the cost of material OMS1 issued to production during April 2018.