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Q6. In each of the following cases, determine the book value of the closing inventory for the month of October (Marks: 2). a. Opening inventory:
Q6. In each of the following cases, determine the book value of the closing inventory for the month of October (Marks: 2). a. Opening inventory: $ 3.748.00 Purchases: 22,162.00 Issues: 21,477.00 b. Issues: $44,227.60 Purchases: 42.191.40 Opening inventory: 15,308.70 c. Purchases: $10,601.58 Opening inventory: 4.219.66 Issues: 9,862.43 Note: Use the Fig. 9.7 (Posted at the Module) or see at chapter 9 as a reference. Q 7. Using the below figures, determine actual cost percent, standard cost percent, and potential savings as a dollar figure and as a percentage of sales (Marks: 2). Sales Actual Cost Standard Cost $ 400.00 $120.00 $ 100.00 $ 860.00 $ 318.20 S 301.00 $ 3.486.00 $1,394.40 $1,324.68 $11.198.00 $3,919.30 $3.695.34 b. c. d
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