REQUIRED Use the information provided below to calculate the Cost of sales for 2023. INFORMATION Oyster Manufacturers had an inventory of 30000 units of Product B (at a production cost of R11 per unit) on 01 January 2023. An additional 600000 units are expected to be produced during 2023. The unit production cost of Product B is expected to be R12 per unit during 2023. An inventory of 45000 units is expected on 31 December 2023. The first-in-first-out method of valuing inventories is used. 1.2 REQUIRED Should Mermaid Stores use its overdraft facility to settle the debt within 12 days? Motivate your answer with the relevant calculations. INFORMATION Westbrook Wholesalers granted credit terms of 60 days to Mermaid Stores but is prepared to allow a 3.5% rebate if Mermaid Stores pays the account within 12 days. Interest on overdraft is charged at a rate of 20% per annum