Answer Happy

QUESTION 2 Answer the questions from the information provided. 2.1 Use the information provided below to calculate the number of units of Product Tex that must be produced for July and August. INFORMATION 2.2 2.3 2.4 2.5 The estimated sales volume of Product Tex is 25 000 units for June, 21 000 units for July, 30 000 units for August and 36 000 units for September. The policy of management is to maintain an ending finished goods inventory each month equal to 20% of the current month's budgeted sales and 30% of the following month's budgeted sales. Study the information provided below and calculate the expected value of closing inventory as at 31 December 2022, if the FIFO method of inventory valuation is used. INFORMATION Inventory on 01 January The following information was supplied by Sunbeam Manufacturers for 2022 in respect of its finished goods: Cost of production of finished goods manufactured Cost of goods sold Sales value of the goods sold Use the information provided below to determine the cost (as a percentage, expressed to two decimal places) to Banda Stores of not accepting the discount. Use the information given below to calculate the annual Economic Order Quantity. INFORMATION The following details have been supplied by Nola Limited for one of its products: Sales per month Carrying costs as a percentage of the unit purchase price Purchase price per unit Cost of placing an order Fego Manufacturers granted credit terms of 60 days to Banda Stores but the manufacturer is prepared to allow a rebate of 2% % if Banda Stores pays the account within 12 days. INFORMATION 08 March Study the information given below and calculate the value of closing inventory as at 31 March 2022 using the weighted average cost method. 09 March 20 March 32 units at R2 100 each were purchased. 12 units purchased on 08 March were returned to the supplier. 20 units at R2 200 each were purchased on 20 March 2022. (4 marks) 20% Printgo Suppliers sold 40 printers at R4 000 each during March 2022. R100 (4 marks) R10 500 units R 20 640 000 570 000 Printgo Suppliers had an inventory of 10 printers at R2 000 each on 01 March 2022. The following transactions took place during March 2022 in respect of the printers that it sells: 435 000 675 000 (4 marks) (4 marks) (4 marks)
QUESTION 2 2.1 Workings (if any) July August (20 MARKS) (4 marks)
2.2 Value of Closing inventory Workings (if any) (4 marks)
2.3 Cost of not accepting a discount X X 100 (4 marks)
2.4 Economic Order Quantity (4 marks)
WEIGHTED AVERAGE COST METHOD. Weighted average cost per unit The value of closing inventory as at 31 March 2021