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REQUIRED Use the information provided below to calculate the value of the components issued to production during September 2G2 and the value of closing inventory

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REQUIRED Use the information provided below to calculate the value of the components issued to production during September 2G2 and the value of closing inventory as at St} September 22l] using the following methods of inventory valuation: 2.2.1 Firstinrstout (FIFO) (5 marks] 2.2.2 Weighted average oost (with the weighted average cost per unit rounded off to the nearest cent}. (5 marks] ll'l FORMATION The following transactions of Fego Manufacturers took place during September 22l} in respect of a component used in production: [11 IIilpening inventory 4so units @ R20 per unit Purchased from a supplier Silt] units @ R23 per unit 3t} Issued to production during September 1 Still units - - _ _ _ n - {1'1

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