QUESTION 2 Answer the questions from the information provided. Use the information provided below to calculate the number of units of Product Tex that must be produced for July and August. INFORMATION 2.1 2.2 The estimated sales volume of Product Tex is 25 000 units for June, 21 000 units for July, 30 000 units for August and 36 000 units for September. The policy of management is to maintain an ending finished goods inventory each month equal to 20% of the current month's budgeted sales and 30% of the following month's budgeted sales. Study the information provided below and calculate the expected value of closing inventory as at 31 December 2022, if the FIFO method of inventory valuation is used. INFORMATION Inventory on 01 January The following information was supplied by Sunbeam Manufacturers for 2022 in respect of its finished goods: Cost of production of finished goods manufactured (4 marks) Cost of goods sold Sales value of the goods sold (4 marks) R 640 000 570 000 435 000 675 000