The following transactions of BNM Ltd took place during April 20.6 in respect of a component used in production:

April

01 -Opening inventory 90 units at R10 per unit

07 -Issued to production 50 units

10 -Purchased from supplier 160 units at R11 per unit

17 -Issued to production 30 units

20 -Purchased from supplier 60 units at R12 per unit

24 - Issued to production 60 units

30 -Returned to supplier (bought on 10 April) 20 units

Required Using the FIFO method, calculate the issue price to production and the value of closing inventory