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I'm in hurry Instructor Signature Date Section 1 (4 Marks) (CLO 2] Scenario 1 Cosmos traders are wholesale distributors of raw material in UAE. The
I'm in hurry
Instructor Signature Date Section 1 (4 Marks) (CLO 2] Scenario 1 Cosmos traders are wholesale distributors of raw material in UAE. The following transactions are related to the receipts and issues during the month of January 2019 of the company. From the given real-life scenario identify the correct method of valuing material issues and Prepare store ledger for the company and also justify your selection with logical arguments. Particulars Date Particulars Quantity (in units) Rate per unit 2019 Purchased 300 Units $3 January 1 54 $4 January 2. Purchased January 3. Issued January 4. Purchased January 5, Issued January 6. Purchased January 8 Issued 600 Units 500 Units 700 Units 800 Units 300 Units 100 Units $5 Section 2 (8 Marks) [CLO 2] Scenario 2 Cosmos traders are wholesale distributors of raw material in UAE. Cost accountant of Cosmos traders has given the following information's Number of workers at the beginning of the month - 900 Number of workers at the end of the month - 1,100 During the month, 10 workers left, 40 persons were retired and 150 workers were recruited. Of these, 25 workers were recruited in the vacancies of those leaving, while the rest were engaged for an expansion scheme. From the given real-life scenario calculate labour turnover, by applying 1.Seperation method 2. Replacement method 3. Flux method and put forward the suggestions regarding recruitment for expansion. Section 3 (8 Marks) [CLO 3] Scenario 3 A Coal manufacturing company produce the following products using 10,000 tonnes of coal at $30 per tonne from a common process. Particulars Tonne Cole 7,000 Tar 2,400 Sulphate 104 Benzol 96 Total 9,600 Apportion the joint cost among the products on the basis of physical unit method Step by Step Solution
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