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QUESTION ONE (25) The following information regarding the purchases and issues to production of conponent J for a project of Kia Limited during April 2020
QUESTION ONE (25) The following information regarding the purchases and issues to production of conponent J for a project of Kia Limited during April 2020 is avalable: Refer to the information provided above and answer the following questions: 1.1.1 Use the firstinh first.out (FIF O) method to comptete the following table for the transactions provided below: (13) 1.12 Use the weighted average cost metnod to compieie ine aoove rane nor une warnacsura up to 15 Apri 2020 anly. Where applicable, round off the weighied averape cost per unt to the nearest cent and olher amounis to the nearest Rand. (5) 1.2 Ota Wholesalers expeds to sel is 500 cases of solt drinks durng 2020 . The cost of placing an arder is estimated to be R40. The inventary hoiding cost d one case of sat dink is R4. Required: Calculate the roonomic order quantity (EOO) of solt diniss for 2020 . (7)
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