REQUIRED

Calculate the expected cost of sales for the year ended $31$ December $2025$ from the information provided below.

$(4$ marks$)$

INFORMATION

The following forecasts were made by Mayville Manufacturers for $2025$ in respect of its finished goods:

$\backslash$table$[[$Inventory on $01$ January $2025,200$ units @ R$60$ each$],[$Inventory on $31$ December $2025,300$ units$],[$Cost of production of finished goods during $2025,1000$ units @ R$65$ each$]]$

The first$-$in$-$first$-$out method is used to value inventories.