14: Electronics manufactures electronic home appliances. It follows weighted average Cost method for inventory valuation. Following...

 

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14: Electronics manufactures electronic home appliances. It follows weighted average Cost method for inventory valuation. Following are the data of component X: Date Particulars 15-12-19 Purchase Order-008 30-12-19 Purchase Order-009 01-01-20 Opening stock 05-01-20 GRN*-008 (against the Purchase Order-008) 05-01-20 MRN**-003 (against the Purchase Order-008) 06-01-20 Material Requisition-011 07-01-20 Purchase Order- 010 10-01-20 Material Requisition-012 12-01-20 GRN-009 (against the Purchase Order-009) 13-01-20 MRN-004 (against the Purchase Order-009) 15-01-20 Material Requisition-013 24-01-20 Material Requisition-014 25-01-20 GRN-010 (against the Purchase Order-010) 28-01-20 Material Requisition-015 31-01-20 Material Requisition-016 Units (ii) Maximum stock level (iii) Minimum stock level 10,000 10,000 3,500 10,000 500 3,000 10,000 4,500 10,000 400 2,200 1,500 10,000 4,000 3,200 *GRN- Goods Received Note; **MRN- Material Returned Note Based on the above data, you are required to CALCULATE: (i) Re-order level Rate per unit 9,930 9,780 9,810 9,750 14: Electronics manufactures electronic home appliances. It follows weighted average Cost method for inventory valuation. Following are the data of component X: Date Particulars 15-12-19 Purchase Order-008 30-12-19 Purchase Order-009 01-01-20 Opening stock 05-01-20 GRN*-008 (against the Purchase Order-008) 05-01-20 MRN**-003 (against the Purchase Order-008) 06-01-20 Material Requisition-011 07-01-20 Purchase Order- 010 10-01-20 Material Requisition-012 12-01-20 GRN-009 (against the Purchase Order-009) 13-01-20 MRN-004 (against the Purchase Order-009) 15-01-20 Material Requisition-013 24-01-20 Material Requisition-014 25-01-20 GRN-010 (against the Purchase Order-010) 28-01-20 Material Requisition-015 31-01-20 Material Requisition-016 Units (ii) Maximum stock level (iii) Minimum stock level 10,000 10,000 3,500 10,000 500 3,000 10,000 4,500 10,000 400 2,200 1,500 10,000 4,000 3,200 *GRN- Goods Received Note; **MRN- Material Returned Note Based on the above data, you are required to CALCULATE: (i) Re-order level Rate per unit 9,930 9,780 9,810 9,750

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i Calculation of Reorder Level Reorder level Maximum lead time x Maxim... View the full answer