Answer Happy

QUESTION 2Answer the questions from the information provided.Use the information provided below to calculate the number of unitsof Product Tex that must beproduced for July and August.(4 marks)INFORMATIONThe estimated sales volume of Product Tex is 25 000 units for June,21 000 units for July, 30 000 units for Augustand 36 000 units for September. The policy of management is tomaintain an ending finished goods inventory eachmonth equal to 20% of the current month’s budgeted sales and 30% ofthe following month’s budgeted sales.2.1Study the information provided below and calculate the expectedvalue of closing inventory as at 31December 2022, if the FIFO method of inventory valuation isused.(4 marks)INFORMATIONThe following information was supplied by Sunbeam Manufacturers for2022 in respect of its finished goods:RInventory on 01 January 640 000Cost of production of finished goods manufactured 570 000Cost of goods sold 435 000Sales value of the goods sold 675 0002.2Use the information provided below to determine the cost (as apercentage, expressed to twodecimal places) to Banda Stores of not accepting thediscount.(4 marks)Fego Manufacturers granted credit terms of 60 days to Banda Storesbut the manufacturer is prepared to allow arebate of 2½ % if Banda Stores pays the account within 12days.2.32.4 Use the information given below to calculate the annualEconomic Order Quantity. (4 marks)
INFORMATIONThe following details have been supplied by Nola Limited for one ofits products:Sales per month 7 500 unitsCarrying costs as a percentage of the unit purchase price 20%Purchase price per unit R100Cost of placing an order R10Study the information given below and calculate the value ofclosing inventory as at 31 March 2022using the weighted average cost method.(4 marks)INFORMATIONPrintgo Suppliers had an inventory of 10 printers at R2 000 each on01 March 2022. The following transactions tookplace during March 2022 in respect of the printers that itsells:08 March 32 units at R2 100 each were purchased.09 March 12 units purchased on 08 March were returned to thesupplier.20 March 20 units at R2 200 each were purchased on 20 March2022.Printgo Suppliers sold 40 printers at R4 000 each during March2022.
1 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 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 (4 marks) December 2022, if the FIFO method of inventory valuation is used. INFORMATION The following information was supplied by Sunbeam Manufacturers for 2022 in respect of its finished goods: Inventory on 01 January (4 marks) 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. R 640 000 570 000 435 000 675 000 (4 marks) 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. (4 marks) 2.5 2 The following details have been supplied by Nola Limited for one of its products: INFORMATION Sales per month Carrying costs as a percentage of the unit purchase price Purchase price per unit Cost of placing an order 09 March 12 units purchased on 08 March were returned to the supplier 20 March 20 units at R2 200 each were purchased on 20 March 2022. 7 500 units 20% Study the information given below and calculate the value of closing inventory as at 31 March 2022 (4 marks) using the weighted average cost method. INFORMATION Printgo Suppliers sold 40 printers at R4 000 each during March 2022. R100 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: 08 March 32 units at R2 100 each were purchased. R10