Answer the questions from the informationprovided.
2.1 Use the information provided below tocalculate the number of units of Product Tex that must be producedfor July and August.
INFORMATION The estimated sales volume of Product Tex is25 000 units for June, 21 000 units for July, 30 000 units forAugust and 36 000 units for September. The policy of management isto maintain an ending finished goods inventory each month equal to20% of the current month’s budgeted sales and 30% of the followingmonth’s budgeted sales.
2.2 Study the information provided belowand calculate the expected value of closing inventory as at 31December 2022, if the FIFO method of inventory valuation is used.(4 marks)
INFORMATION The following information was supplied by SunbeamManufacturers for 2022 in respect of its finished goods:
Inventory on 01 January R 640000
Cost of production of finished goods manufactured R570 000
Cost of goods sold R435 000
Sales value of the goods sold R675 000
2.3 Use the information provided below todetermine the cost (as a percentage, expressed to two decimalplaces) to Banda Stores of not accepting the discount. (4marks)
Fego Manufacturers granted credit terms of 60 days to BandaStores but the manufacturer is prepared to allow a re bate of 2½ %if Banda Stores pays the account within 12 days.
2.4 Use the information given below tocalculate the annual Economic Order Quantity.
INFORMATION The following details have been supplied by NolaLimited for one of its products:
Sales per month 7 500
Units Carrying costs as a percentage of the unit purchase price20%
Purchase price per unit R100
Cost of placing an order R10
2.5 Study the information given below andcalculate the value of closing inventory as at 31 March 2022 usingthe weighted average cost method. (4 marks)
INFORMATION Printgo Suppliers had an inventory of 10 printers atR2 000 each on 01 March 2022. The following transactions took placeduring March 2022 in respect of the printers that it sells:
08 March - 32 units at R2 100 each were purchased.
09 March - 12 units purchased on 08 March were returned tothe supplier.
20 March - 20 units at R2 200 each were purchased on 20March 2022.
Printgo Suppliers sold 40 printers at R4 000 each duringMarch 2022.
Answer the questions from the information provided. 2.1 Use the information provided below to calculate the number of un
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