the following transactioon of fernglen limited, a manufacture of childrens tables and chairs took place during April 2017

Question 1 20 marka) 1. The following transactions of Fernglen Limited, a manufacturer of children's tables and chairs took place during April 2017. APRIL 01 03 08 17 20 21 600 units @ R220 per unit Stock on hand Issued to production Returned from production to stores Purchased from supplier Issued to production Returned to supplier (purchased on 17 April 2017) |(00 X2tost 350 units 50 units 2000 units@R230 per unit 800 unitsoSe 200 units 30 Issued to production 1.1 Determine the value of closing inventory based on the First-in-first-out (FIFO) method 1.2 Ricey Wholesalers sells 8 000 bags of rice each year. The inventory holding cost of one bag 1.2.1 Calculate the EOQ 1.2.2 Calculate the number of orders that should be placed per annum 800 units of rice is R5. The cost of placing an order for stock is estimated at R160. 4 marks) (3 marks) Round off calculations to the nearest whole number.)