Question 2.3 (16 marks) The following information is extracted from Namib Trading for the month of January 2021. 04 Jan 10 Jan 16 Jan 20 Jan 25 Jan 28 Jan 30 Jan Purchased 1 500 units at N$90 each Issued 1 200 units Issued 800 units Purchased 2 000 units at a total value of N$150 000 Issued 1 000 units Issued 900 units Purchased 1 000 units at N$110 each The opening inventory for January was 1 000 units at a total value of N$100 000. The company applies a perpetual accounting system and wants to decide on an appropriate method to value inventory. Requirement Mark Sub- Total total 8 8 8 16 Calculate the value of the closing inventory at the end of January 2.3.1 2021 using weighted average (WACO) method. Calculate the value of the goods issued to production for the month 2.3.2 of January 2021 using first in-first out (FIFO) method. Note: Show all the necessary workings or steps that are required to reach the answer. Marks are available for these. Total 16