Question
NedbanIK Ask Bing Al Butter Cheese Cream JG JOB Cer REQUIRED 100 000 75 000 60 000 + In the month of April, the products
NedbanIK Ask Bing Al Butter Cheese Cream JG JOB Cer REQUIRED 100 000 75 000 60 000 + In the month of April, the products were manufactured at a joint cost of R470 000. Dairy- land allocates joint cost using the physical standard method. INDEPENDENT PART A 6 During the joint manufacturing process, Dairy-land also produces a fermented by-product called Amasi-wodumo, which is sold in 1-liter bottles. The product has a regular market. In the month of April Dairy-land recorded a net realisable value of R100 000 for Amasi- wodumo. [CONFIDENTIAL] of 10 (a) Calculate the value of inventory of fabric on 31 August 2023 for Mzanzi-fashion (Pty) Ltd as requested by the management accountant. Note: Round off the inventory value per unit to 2 decimal places. (b) If you had a manufacturing company that manufactures cars, which inventory valuation system would you use to value inventory? Also motivate why. Page 6 of 10 Marks (15) (2) [TURN OVER] O
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started