Module: Financial Planning & Control

2.1 REQUIRED Use the information provided below to calculate the total value of issues to the propluction department for May 2020 and value of closing inventory as at 31 May 2020 using the: 2.1.1 First-in-first-out (FIFO) method. (5 marks) 2.1.2 Weighted average cost method. (Note: Round of the weighted average cost per unit to the nearest cent.) (5 marks) INFORMATION The following information was extracted from the records of Oasis Limited, a manufacturing company, for an inventory item: 2.2 REQUIRED Use the information provided below to calculate the annual Economic Order Quantity (EOQ) (5 marks) INFORMATION The monthly sale of an item is 900 units. The sel ing price per unit is R7.50 and the item is sold at cost plus 50%. The ordering cost amounts to R20 per order and the holding cost per unit is equal to 10% of the unit cost of the tem. 2.3 REQUIRED Use the following information to calculate the cost (as a percentage) to Imballito Traders of not accepting the discount. (5 marks) INFORMATION Imbalilto Traders purchased goods from Bigmax Wholesalers for R2 000 but the supplier is willing to accept R1 950 if the account is setted within 10 days. Bigmax Wholesalers' usual credit terms to Imbal 'to Traders are 60 days