Question: Cosmo Developments is evaluating a new project that requires 150 kg of cement. The company has 300 kg of cement in stock that was

Cosmo Developments is evaluating a new project that requires 150 kg of cement. The company has 300 kg of cement in stock that was purchased six months ago for R85 per kg. The company no longer has any use for the cement. The inventory of cement could be sold for R70 per kg. The current purchase price for cement is R75 per kg. Calculate the total relevant cost of cement for the project.

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