Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

C Question One. Nyameye Ent Manufactures nutter at Kumasi. The folowing details movement of materials in February 2010 February 5 Beginning balance 800 units @

C Question One. Nyameye Ent Manufactures nutter at Kumasi. The folowing details movement of materials in February 2010 February 5 Beginning balance 800 units @ 16 per unit Received 200 units @ $7 per unit 11 Received 200 units @$8 per unit 16 Issued 800 units 22 Received 400 units @ $8 per unit 23 Issued 500 units ats to the 28 Received 600 units @ $9 per unit Required: a.) Prepare a store ledger card using Last In First (LIFO) Price Method in determining the value of the closing inventory. (10Marks) 5.) Calculate maximum stock level from the information below: Normal usage Maximum usage 100 units per day 130 units per day Minimum usage Re-order period EOQ 70 units per day 25 to 30 days 5,000 units. (5Marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Charles Horngren

2nd Edition

0558514847, 978-0558514846

More Books

Students also viewed these Accounting questions

Question

4. Did you rethink your decision?

Answered: 1 week ago

Question

3. Did you seek anyones advice?

Answered: 1 week ago

Question

7. What traps should she avoid?

Answered: 1 week ago