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a. The following data was extracted from the books of Good Times Ltd. a manufacturing concem. Required: Prepare the Stores Ledger Card, using: i. HIO
a. The following data was extracted from the books of Good Times Ltd. a manufacturing concem. Required: Prepare the Stores Ledger Card, using: i. HIO ii. L.IFO (I'4 marks) b. Good Times Ltd. has provided you with the following information: Maximum usage 90kgs per day Minimum usage 50 kgs per day Annual demand 18,000kgs Maximum lead time 4 days Minimum lead time 2 days It costs $10 to hold one kg for one year and the cost of ordering each consignment is $100 a. The following data was extracted from the books of Good Times Ltd. a manufacturing concem. Required: Prepare the Stores Ledger Card, using: i. HIO ii. L.IFO (I'4 marks) b. Good Times Ltd. has provided you with the following information: Maximum usage 90kgs per day Minimum usage 50 kgs per day Annual demand 18,000kgs Maximum lead time 4 days Minimum lead time 2 days It costs $10 to hold one kg for one year and the cost of ordering each consignment is $100
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