2.3 Use the information provided below to determine the cost (as a percentage, expressed to two decimal places) to Banda Stores of not accepting the discount.

Fego Manufacturers granted credit terms of 60 days to Banda Stores but the manufacturer is prepared to allow a rebate of 2 % if Banda Stores pays the account within 12 days.

2.4

Use the information given below to calculate the annual Economic Order Quantity. (4 marks) INFORMATION

The following details have been supplied by Nola Limited for one of its products:

Sales per month	7 500 units
Carrying costs as a percentage of the unit purchase price	20%
Purchase price per unit	R100
Cost of placing an order	R10

2.5 Study the information given below and calculate the value of closing inventory as at 31 March 2022 (4 marks) using the weighted average cost method.

INFORMATION

Printgo Suppliers had an inventory of 10 printers at R2 000 each on 01 March 2022. The following transactions took place during March 2022 in respect of the printers that it sells:

08 March	32 units at R2 100 each were purchased.
09 March	12 units purchased on 08 March were returned to the supplier.
20 March	20 units at R2 200 each were purchased on 20 March 2022.

Printgo Suppliers sold 40 printers at R4 000 each during March 2022.