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5. The Company operates a warehouse which received and issues the material [ cement and others] in Gaborone. Operations during the month of July
5. The Company operates a warehouse which received and issues the material [ cement and others] in Gaborone. Operations during the month of July 2023 were as follows: Inventory on 1" July On 10 July purchased On 15 July purchased On 20 July issued 1,200 kgs 1,500 kgs P 40 per kg. P 44 per kg. 1,700 kgs @ P 50 per kg. 2,900 kgs On 26th July purchased 1,400 kgs p P 60 per kg 1,300 kgs On 29th July issued A physical count was made on July 31, 2021,600 units were found in inventory at warehouse. All issued units were sold at the price of P 65 per k The total operating expenses as follows: P Marketing 8,400 Salaries (sales and Distribution) General expenses 18,000 9,000 Use the FIFO, LIFO, and weighted average methods to determine the value of closing inventory and the value of issues of inventory at the end of month on periodically basis.
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