ourstow $3$

$31$ Rroukero

$(5)$

Sow the firmution giwn below and determine the cost to Jackson Traders $($as a pecwitrot of met acopoling the dscount.

NFORMATON

Jadson Trasers purchased divientay on credit for R$2000.$ Jackson Traders has $30$ days in which to sutbe the acocount tur the suppler offered Jackson Traders a $2\%$ discount it the account is settled with $10$ days.

$32$ REQUIRED

Use the informaton provided below to calculate the Economic Order Quantity $($EOQ$)$ for $2016.$

$(5)$

INFORMATION

Investoc Limiled anticipates sales of $60000$ units for $2016,$ a purchase price of R$20$ per unit, an ordering cost of $R8$ per order, and a carrying cost $R2$ per unit.

$3\mathrm{.}3$ REQUIRED

Calculate the value of inventory on $31$ May $2015$ and the gross profit for the month ended $31$ May $2015$ using the:

$3\mathrm{.}3\mathrm{.}1$ First$-$in$-$first$-$out method

$(5)$

$3\mathrm{.}3\mathrm{.}2$ Weighted average cost method $($with the weighted average cost per unit rounded off to the nearest cent$).$

$(5)$

INFORMATION

The following transactions of Wheeler Traders took place during May $2015$ in respect of the only product that it sells:

$\backslash$table$[[$May$,,],[01,$Invertory on hand,$200$ units @ R$61$ per unit$],[05,$Purchased from supplier,$300$ units @ R$62$ per unit$],[16,$Purchased from supplier,$2000$ units @ R$64$ per unit$],[31,$Sales during May,$2100$ units @ R$100$ per unit$]]$