Question 3 Transaction Concluded in respect to a product is made in three batches during the year, starting with Model 1, then 2 and lastly 3. Apply FIFO to balance the account. [14 Marks] Model 1 Model 2 Model 3 Model 2000 1500 1700 Quantity R8000 R7000 R7700 Cost

Transaction Concluded in respect to a product is made in three batches during the year, starting with Model 1 , then 2 and lastly 3 . Apply FIFO to balance the account. [14 Marks] The End Laika Manufacturing Company has the following information for January 2023. For January, Determine a) The Cost of goods manufactured [16 Marks] b) The cost of Goods sold [10 Marks] Question3 Transaction Concluded in respect to a product is made in three batches during the year, starting with Model 1, then 2 and lastly 3 . Apply FIFO to balance the account. [14 Marks]