The following transactions of Heron Ltd took place during January 2022 in respect of component X used in production: Jan 01 08 12 15 18 25 27 Stock of component X on hand Issued to production Purchased from supplier Returned to supplier (purchased on 12 January 2022) Issued to production Purchased from supplier Issued to production 150 units @ R24 per unit 110 units 200 units @ R25 per unit 30 units 170 units 140 units @ R26 per unit 130 units Required: Calculate the value of closing inventory on 31 January 2022 using the: 2.1.1 First-in-first-out (FIFO) method (10 marks) 2.1.2 Weighted Average Cost Method (10 marks)

2.2 Information: The basic monthly salary of Freddy is R10 000. She is entitled to an annual bonus of R9 000. Her employer contributes R9 000 per annum to her pension fund. She works for 9 hours per day from Monday to Friday each week. She is entitled to 28 days paid vacation leave. There are 12 public holidays in the year (365 days), 9 of which fall on weekdays. Required Calculate Freddy's labour rate per hour. (5 marks)