QUESTION 1 Lesco sells office equipment and is preparing the budget for the next month. Extract of the details are as follows: Closing inventory is 30% of sales units for the month. All three products are made using Material A, Material B, Labour grade C and labour grade D. The quantities are as follows: Lesco's opening inventory of Material A is 142 meters and 81 cubic meters of Material B. He intends to increase this during April, so that there is sufficient raw materials to produce 50 units of each item of equipment. Calculate the following: Question 2 The Valder Ltd. commenced operations in December 2019 with a capital of $600,000 which was raised through an issue of 600,000 ordinary shares of $1 each. The proceeds of the share issue were paid into the company bank account. During the course of December, a number of transactions took place and these are summarized below: QUESTION 1 Lesco sells office equipment and is preparing the budget for the next month. Extract of the details are as follows: Closing inventory is 30% of sales units for the month. All three products are made using Material A, Material B, Labour grade C and labour grade D. The quantities are as follows: Lesco's opening inventory of Material A is 142 meters and 81 cubic meters of Material B. He intends to increase this during April, so that there is sufficient raw materials to produce 50 units of each item of equipment. Calculate the following: Question 2 The Valder Ltd. commenced operations in December 2019 with a capital of $600,000 which was raised through an issue of 600,000 ordinary shares of $1 each. The proceeds of the share issue were paid into the company bank account. During the course of December, a number of transactions took place and these are summarized below