QUESTION 3 [25 Marks] 3.1 Information The basic annual salary of H. Harry is R96 000. He is entitled to an annual bonus of R8 000. His employer contributes R9 280 per annum to his pension fund. He works for 40 hours per week (from Monday to Friday). He is entitled to 21 days paid vacation leave. There are 13 public holidays in the year (365 days), 10 of which fall on weekdays. Required Calculate H. Harry's hourly labour rate per hour. (5 marks) 3.2 Information: The following transactions of Pillay Manufacturers took place during April 2022 in respect of a component used in production: Apr 01 Stock on hand 40 units @ R22 per unit 06 Issued to production 30 units 07 Returned from production to stores 5 units 16 Purchased from supplier 200 units @ R24 per unit 18 Issued to production 80 units 20 Returned to supplier (purchased on 16 April 2008) 20 units 30 Issued to production 70 units Required: Calculate the value of closing inventory on 30 April 2022 using the: 3.2.1 First-in-first-out (FIFO) method (10 Marks) 3.2.2 Weighted Average Cost Method (10 Marks)