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answer question 8 as quick u can fill in the blanks for the answer Speedy Cyeles imports one type of cempetition bicycle and sels to

answer question 8 as quick u can
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Speedy Cyeles imports one type of cempetition bicycle and sels to are purchased on credit from overseas suppliers and shipped to Austrelia Speedy Cycles uses the First in First Out (FIFO) method of to selected sene perpetual stock system assigning cont to stock items and unes te Additiona Freight costs to Speedy Cycles:580 per cycle plus $8 GST. Before being sold, bicycles are modified at cost of s1s0 per bicycle Speedy Cycles herges retail outlets $20 plus $z GST per bicycle fer delivery folowing relates to stock movements for the menth of luse June 1 Stock on hand as per stock card-30 units $1200each 6 Credit sales-25 bicycles@ $2200 (pls $220 65T) eoch The s A shipment of SO bicycles was delivered. The supplier's invoice price wos $1100 (plus $130 GSTI per bicycle plus the freight costs, Invoice 224. The bicycles were then modified. Invoice 822 12 One bicycle from the sale on & June, was returned by a customer. Credit note S822 22 Credit Sales-40 bicycles ot 42200 (plus $220 GST) each, Invoice S02 23 One bicycle were use as odvertising and was later donated to the local salvation army (Memo 912) 24 Owner 30 A stocktake showed 13 bicycles on hand. (Memo took one bicycle home for private use. (Memo 913) 914) Calculote the cost price of each bicycle purchased on 8 June 2019. (Show all workings) $1100 Invoice Freight Modification 150 $80 $1330 implete the stock cord for bicycles for June 2019 (62 Marks) In Out ate Detail aty Cost Amt aty Cost Amt aty Cost Amt 2(6 Marks) ome of the internal control mechanisms to safeguard resources against theft and dP xes and locks s and Securihy cammeas n of cluhe mpl ain

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