Answer the questions from the information provided. 4.1 Use the information provided below to calculate the...
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Answer the questions from the information provided. 4.1 Use the information provided below to calculate the following: Economic order quantity 4.1.1 The number of orders that need to be placed each year 4.1.2 4.1.3 The total Ordering costs and Carrying costs. 4.2 4.2.1 INFORMATION The annual sales of Mansen Limited for Product Pod is 500 000 units. The purchase price is R10 per unit. The carrying cost of Product Pod amounts to 10% of the purchase price. The ordering cost is R25 per order. Study the information provided below to prepare an extract of the Statement of Comprehensive Income to reflect the value of closing inventory as at 31 January 2022 and gross profit for January 2022 by using each of the following methods of inventory valuation: First-in-first-out (FIFO) INFORMATION January The following information was provided by Randall Traders for January 2022 in respect of the only product that it sells: 01 14 15 21 31 Transactions Opening inventory Purchases Returned to supplier (see 14th) Purchases Sales for January 2022 Units of inventory 3 000 15 000 2 000 4 000 15 000 R10 Unit price R11 (3 marks) (2 marks) (4 marks) ? R12 (6 marks) R20 Answer the questions from the information provided. 4.1 Use the information provided below to calculate the following: Economic order quantity 4.1.1 The number of orders that need to be placed each year 4.1.2 4.1.3 The total Ordering costs and Carrying costs. 4.2 4.2.1 INFORMATION The annual sales of Mansen Limited for Product Pod is 500 000 units. The purchase price is R10 per unit. The carrying cost of Product Pod amounts to 10% of the purchase price. The ordering cost is R25 per order. Study the information provided below to prepare an extract of the Statement of Comprehensive Income to reflect the value of closing inventory as at 31 January 2022 and gross profit for January 2022 by using each of the following methods of inventory valuation: First-in-first-out (FIFO) INFORMATION January The following information was provided by Randall Traders for January 2022 in respect of the only product that it sells: 01 14 15 21 31 Transactions Opening inventory Purchases Returned to supplier (see 14th) Purchases Sales for January 2022 Units of inventory 3 000 15 000 2 000 4 000 15 000 R10 Unit price R11 (3 marks) (2 marks) (4 marks) ? R12 (6 marks) R20
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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