DUESTON $3$

$(20$ Marks$)$

at

BEOURED

Use the inturmation givon below to prepare an extract of the Statement of Comprehensive income to doturntine the value of closing imventary and gross profit for the month ended $31$ March $2023$ using the folcwing mehods of inventory valuaton

$3\mathrm{.}1.$ Finstin$-$firstout method.

$(6$ marks$)$

$312$ Weighted average cost method

$(4$ marks$)$

INFORMATION

The following information for March $2023$ was extracted from the records of Caprice Suppliers, a retailer that usess the penodic inventury system, for the only product that it sells.

$\backslash$table$[[$Dafte$,$Transaction details$],[01,$The opening inventary compnsed $10000$ units at R$10$ each.$],[05,$An invoice was received for the purchase of $40000$ units at R$11$ each.$],[14,$Purchased $35000$ units at R$12$ each.$],[27,$An nuoce was received for the purchase of $150$ op units at R$11$ each$],[31,$Soid $50000$ units at R$20$ each and $30000$ units at R$222$ each during March $2023.]]$

$32$

RREQURED

Shay the riloctration given below and calculate the cost $($as a percentige, expressed to two decamal places$)$ to Floyco Stores of not accepting the discount.

$(5$ marks$)$

mFrORMATION

$31$

Sudy be infomation given betow and cilculate the Economic Order Quantity for $2024$ merohan

$(5$ manks$)$

b bos por under