Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

please help Your company regularly uses material X and currently has in stock 500kgs for which it paid kshs 1,500 two weeks ago. If this

image text in transcribed

please help

Your company regularly uses material X and currently has in stock 500kgs for which it paid kshs 1,500 two weeks ago. If this were to be sold as a raw material, it could be sold today for kshs 2.00per kg. You are aware that the material can be bought on the open market for ksh 3.25 per kg, but it must be purchased in quantities of 1000kg. You have been asked to determine the relevant cost of 600kgsof material X to be used in a job for a customer. The relevant cost of the 600kg is: Select one: a. Kshs 1,325 b. Kshs 1,825 0 c. Ksh 1,950 d. Kshs 3,250

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Financial Accounting

Authors: Fred Phillips, Robert Libby, Patricia Libby

5th edition

978-0078025914

Students also viewed these Accounting questions

Question

What are the purposes of promotion ?

Answered: 1 week ago