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1 . 3 REQUIRED Use the information given below to calculate the value of closing inventory as at 3 1 March 2 0 2 4
REQUIRED Use the information given below to calculate the value of closing inventory as at March and the value of issues during March using the following methods of inventory valuation: Firstinfirstout marks Weighted average cost. Express the average cost per unit in Rands and cents. marks INFORMATION The following transactions of Seatides Manufacturers took place during March in respect of a component used in production: tableDateTransactions,Opening inventory, units @ R per unitPurchased from a supplier, units @ R per unitPurchased from a supplier, units @ R per unitReturned to the supplier see March unitsPurchased from a supplier, units @ R per unitIssued to production during March, units
REQUIRED
Use the information given below to calculate the value of closing inventory as at March and the value of issues during March using the following methods of inventory valuation:
Firstinfirstout
marks
Weighted average cost. Express the average cost per unit in Rands and cents.
marks
INFORMATION
The following transactions of Seatides Manufacturers took place during March in respect of a component used in production:
tableDateTransactions,Opening inventory, units @ R per unitPurchased from a supplier, units @ R per unitPurchased from a supplier, units @ R per unitReturned to the supplier see March unitsPurchased from a supplier, units @ R per unitIssued to production during March, units
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