QUESTION FOUR 4.1 Calculate the value of closing inventory on 31 January 2022 using the: The following transactions of Hector Limited took place during January 2022 in respect of component J used in production: Stock of component J on hand Issued to production Purchased from supplier Returned to supplier (purchased on 12 January 2022) 150 units @ R24 per unit 110 units 200 units @R25 per unit 30 units 170 units Issued to production Purchased from supplier Issued to production 4.1.1 First-in-first-out (FIFO) method 4.1.2 Weighted Average Cost Method 4.2 140 units @R26 per unit 130 units Use the information given below to calculate the net wage of H, Kane for the last week of May 2021. INFORMATION H, Kane is employed by Hot-Spur Enterprises. The normal working week is 45 hours. H, Kane worked for 48 hours during the last week of May 2021. She is remunerated at R80 per hour during normal working hours. Overtime is calculated at 1 times the normal rate. The following are her deductions for the week: Medical aid fund Pension fund Income tax R350 8% of the normal wages R830 Hot-Spur Enterprises contributes the same amount as the employees towards the medical aid fund and pension fund. Note: All Answers must be Typed out and workings must be shown