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Question 2 (10 marks) Tumarco CC was formed on 1 January 2020 and sel apples. At the end of its first half year of operations,
Question 2 (10 marks) Tumarco CC was formed on 1 January 2020 and sel apples. At the end of its first half year of operations, the stock movements of the apples are as follows: Apples Bought (Units & unit price) & 100 a $40 Sold (Units & unit price) 80 at N$100 January February March April May 140 at N$12 100 N$ 140 at N$100 June 30 at N$45 You are required to Calculate the cost of sales and value of closing inventory on hand as a on 31 June using the Weighted average method . Page 19 of 24 Question 3 (20 marks) This Trial Balance is extracted from the books of BMW Enterprises Credit (NS) Debit (NS) 5 500 2800 2 507 2 130 1 750 1 020 Capital 01/02/2011 Drawings Stock 01/02/2011 Debtors Furniture Cash Creditors Sales Retum inwards Discount received Expenses Purchases Totals 2735 7430 85 46 950 4 380 16 446 14 977 In addition to the mistakes above the following errors were detected a) A payment of N$ 75 made to a creditor had not been posted from the cash book into the purchases leder b) A cheque for N$ 56 received from a customer had been correctly entered into the cash book but posted to the customer's account as N$ 50 c A purchase of tumiture N$ 120 had been included in the purchases account The total of the discount slowed column in the cashback of N$ 38 had not been posted into the general ledger e) A page of the sales day book was correctly totalled as N$ 564 but carried forward as N$ 456. You are required to: Show the trial balance as it appears after all the errors had been corrected. Show all your workings
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