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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)
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