QUESTION 2 Answer the questions from the information provided. 2.1 2.2 2.2.1 2.2.2 Use the information provided below to

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Question 2 Answer The Questions From The Information Provided 2 1 2 2 2 2 1 2 2 2 Use The Information Provided Below To 1 (85.74 KiB) Viewed 23 times

QUESTION 2 Answer the questions from the information provided. 2.1 2.2 2.2.1 2.2.2 Use the information provided below to calculate the expected cost of sales for 2022. The following reflects the forecast of Tshwane Enterprises for the year 2022 for a product that it manufactures: Opening inventory Production Closing inventory The FIFO method is used to value inventories. Date Transactions 01 14 15 The following transactions of Aspen Traders took place during May 2021 in respect of Product Min: 24 Use the information provided below to calculate the cost of sales for May 2021 and value of closing inventory as at 31 May 2021 using each of the following methods of inventory valuation: First-in-first-out (FIFO). Weighted average cost (with the weighted average cost per unit expressed to the nearest cent). INFORMATION 31 Opening inventory Purchased from a supplier Returned to the supplier (purchased on 14 May 2021) Purchased from a supplier Units Sales during May 800 COL 4 000 1 000 Price per unit R30 300 units R35 600 units @ R10 per unit 1 500 units 1 300 units @ R11 per unit 400 units @ R13 per unit (5 marks) ? (5 marks) (5 marks)