Use the following information to calculate the value of inventory on hand at 31 March 20.6 using FIFO method.

	Puchases			Cost of sales			On hand
Date	Units	Cost per unit	Amount (R)	Units	Cost per unit	Amount (R)	Units	Cost per unit	Amount (R)

Inventory data for item X in March 20.6:

Purchases
Date	Units	Cost Per Unit (R)	Amount (R)
01 March 20.6 08 March 20.6 15 March 20.6 22 March20.6 29 March 20.6	100 300 200 300 100	1.00 1.10 1.20 1.30 1.40	100 330 240 390 140
	1 000		1 200
Sales
Date	Units
16 March 20.6 31 March 20.6	300 400