PROJECT FINANCIAL MANAGEMENT

QUESTION 1			(20 Marks)

1.1.1

WEIGHTED AVERAGE METHOD
	Purchased/Returns in			Issued/Returns out			Stock on hand
Date	Quantity	Price	Value	Quantity	Price	Value	Quantity	Price	Value
01
07
09
11
16
22
30
31

7 marks)

SECTION A [100 MARKS] Answer ANY FIVE (5) questions in this section. QUESTION 1 Answer the questions from the information provided. 1.1 Use the information provided below to complete the table for each of the following methods of inventory valuation: Weighted average (Round off the average cost per unit to the nearest cent) 1.1.1 (7 marks) 1.1.2 FIFO (6 marks) Purchased/Returns in Issued/Returns out Stock on hand Date Quantity Price Value Quantity Price Value Quantity Price Value INFORMATION The following transactions of Slik Manufacturers took place during May 2021 in respect of a component required for a project May Transaction details 01 Opening inventory 12 000 units at R10 per unit 07 Issued to production 10 000 units INFORMATION The following transactions of Slik Manufacturers took place during May 2021 in respect of a component required for a project May Transaction details 01 Opening inventory 12 000 units at R10 per unit 07 Issued to production 10 000 units 09 Purchased from a supplier 8 000 units at R12 per unit 11 Issued to production 8 000 units 16 Returned to the supplier (see 09 May) 1000 units 22 Purchased from a supplier 9 000 units at R13 per unit 30 Issued to production 8000 units 31 Returned from production to stores 2000 units (Purchased on 22nd Issued on 30th SECTIONA 100 MARKS Atle ANY FIVE 19 questions in sis section QUESTION Anwer the question from the formation provided 11 Uhe hentation provided below to complete the title breach of the following methods of tory to 11.1 Weitere Ponteverage cool per tant 112F Purchased Returns Issued turns out Stack on hand Date Cathy Price Valve Cathy Price Vale Cantly Price Vale NORMATION The blowing transactions of Vanderstook place during May 2012 in respect of a component required by May Transaction details 61 1200 RON sed con 10.000 NORMATION The blowing transactions and took place doing May 21 in respect of a component required by 1200 RON Opening sed to production 800012 11 oved to production * Rated in the way! 22 Puchared on a 1000 R13 pet 20 sed to production SC Returned to production to stores | marat aned on 27, howed on an