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QUESTION 3 The following scenarios are independent of each other. (a) A firm is currently considering a new job that requires 1,000 kg of raw

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QUESTION 3 The following scenarios are independent of each other. (a) A firm is currently considering a new job that requires 1,000 kg of raw material. The material is used regularly within the firm for various products, The present inventory is 10,000 kg purchased at 1.80 per kg. The current replacement price is 2.00 per kg REQUIRED: What is the relevant cost of the material for the new job? [2 marks]

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