Question 5 (35) Manufacturers Ltd has provided you with the following information for the month of November 2021 regarding a part that is used during the manufacturing process: 1 Stock on hand comprised the following purchases: Purchases of 25 October 2021 (80 units at R12 each, total cost of R960) Purchases of 30 October 2021 (800 units at R12,40 each, total cost of R9 920) 5 Issued to production 640 units Purchased 800 units at R12,80 each, total cost of R10 240 15 Issued 1000 units 20 Purchased 1 200 units at R12,60 each, total cost of R15 120 25 Returned to the supplier 240 units purchased on 20 November 2021 Required: For the month of November 2021 5.1 Calculate the cost of issues to production and value of closing inventories using FIFO. 5.2 Calculate the value of closing inventories using the weighted average method of stock valuation. Where necessary, round off to two decimal places