Instructions: All answers must be typed in and workings must be shown

QUESTION 3 3.1 REQUIRED Use the information provided below to complete the following table using the weighted average cost method: (6 marks) Purchased Issued Stock on hand Date Quantity Price Value Quantity Price Value Quantity Price Value INFORMATION The following information was extracted from the records of Linmed Limited, a manufacturing company, for an inventory item called Zax for March 2020: March Transaction details 01 Opening inventory: 2 000 units @ R10 each 07 Invoice received for 48 000 units @ R11 each 09 Transferred 40 000 units to production department 16 Invoice received for 10 000 units at R12 each 22 Transferred 15 000 units to production 30 Invoice received for 5 000 units @ R13 each 3.2 REQUIRED Calculate the labour cost to company in respect of Martin for April 2020 from the information provided below. INFORMATION The basic wage of Martin for April 2020 was R200 per hour. April 2020 included four weekends. Martin's normal working day is eight hours and his normal working week extends from Monday to Friday. There were three public holidays in April, two of which fell on weekdays. Martin's employer made the following contributions in respect of Martin for April: Pension 9% of basic wage Medical aid R800 3.3 Study the ratios provided below which were calculated from a project of Britar Limited over the two-year period and provide suitable comments for each ratio. 2019 2018 Current ratio 2.83:1 1.88:1 Return on capital employed 23.22% 14.89% Trade receivables period 39.64 days 27.89 days Inventory turnover period 35 days 55 days 1 Additional information Credit terms to debtors are 30 days. The interest rate on long-term borrowing is 15% p.a