REQUIRED

Use the information provided below to calculate the following:

$1\mathrm{.}4\mathrm{.}1$ Closing inventory as at $31$ March $2024$

$(2$ marks$)$

$1\mathrm{.}4\mathrm{.}2$ Cost of goods available for sale during March $2024$

$(2$ marks$)$

$1\mathrm{.}4\mathrm{.}3$ Gross profit for March $2024$

$(2$ marks$)$

INFORMATION

You are provided with the inventory record of Trendy Traders, which sells smartwatches, for the month ended $31$ March $2024.$ The business uses the specific identification method to value inventories.

Inventory record of smartwatches for the month ended $31$ March $2024$

$\backslash$table$[[$Model$,$Unit,Inventory on$,$Purchases,Sales$],[,$Cost,$01$ March $2024,,,],[,R,$Units,Units,Units,Price $($R$)],[$Huawei$,4000,100,300,320,6008],[$Samsung$,5000,160,400,460,7000],[$Garmin$,6000,120,250,220,8000],[,,380,959,1000,]]$