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DetsPrime is in the business of manufacturing and selling various detonators for sale to mines in South Africa. They have provided you the below schedule
DetsPrime is in the business of manufacturing and selling various detonators for sale to mines in South Africa. They have provided you the below schedule relating to movements in their shock-tube material (key material used in production) for the month of June 2022 and have asked you to assist in valuing the stock at the end of June 2022. There were 520 items valued at R280 800 on 1 June 2022. REQUIRED Determine the value of the closing stock for shock-tubes for the month using the FIFO method. Use the template provided below When completing the template below ensure that numbers are written without without spacing and decimals for example R250000 is written as 250000 . Use brackets for example (250000) where applicable
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