Question: (a) A parcel containing two components was received and the invoice discloses the following: Material I Material II Insurance 1,000 kgs @* 20 per

(a) A parcel containing two components was received and the invoice discloses the following: Material I Material II Insurance 1,000 kgs @* 20 per kg 1,200 kgs @* 15 per kg 950 Sales tax Freight Transit loss of 20 kgs of material I and 12 kgs of material II was noted. No insurance claim could be made. Find the issue rate per kg of each material. Find the revised rates if a provision for obsolescence of 12% is to be made. Answer: 2280 2200

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