REQUIRED

Complete the following table that would reflect the value of issues to production and inventory balances using the first$-$in$-$first out method of inventory valuation:

$\backslash$table$[[,$Purchases,Issues$/$Returns$,$Balance$],[$Date$,$Quantity,Price,Amount,Quantity,Price,Amount,Quantity,Price,Amount$]]$

$(4$ marks$)$

INFORMATION

The transactions of Kerman Manufacturers for January $2024$ are as follows:

$\backslash$table$[[$January$,$Transaction,Units,Price per unit$],[01,$Opening inventory,$4000,$R$3\mathrm{.}00],[06,$Purchased from a supplier,$1600,$R$3\mathrm{.}20],[20,$Purchased from a supplier,$3000,$R$3\mathrm{.}30],[07,$Issued to production,$3200,?$