A manufacturing organisation has imported four types of materials. The invoice reveals the following data: Material Quantity Rate per (K93) Kg N5 A 1 000 150 B 2 000 125 C 1 500 200 D 3 000 100 Additional information 1. Customs duty charged on arrival at Hosea Kutako Airport cargo section was 25% of invoice value. Old Mutual undertook to insure the materials; insurance charges are 2% of invoice value Freight and Clearing N$30 000, the cost allocated to the each materials is based on the weight. 60% and 80% of the purchased materials B and C respectively, are issued to production centres. Material B was issued to BB while C was issued to CC. 100 kg of material D was requisitioned by maintenance department of the factory. While determining the value of closing inventory 5% allowance is provided to cover up storage loss. The maintenance department returned N$ 175 worth of materials to the main stores