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Strictly complete the table as instructed on the question to give more clearer understanding how the values are put on the table. The following information
Strictly complete the table as instructed on the question to give more clearer understanding how the values are put on the table.
The following information was extracted from the records of De Kelder Retailer makes use of a perpetual inventory system. Date 2023 April April 1 3 4 5 6 9 12 20 30 Transaction details Stock on hand of 3000 units at R6.00 each. It was determined that 210 units of opening inventory were of an inferior quality and must be returned to the supplier. Received an invoice from our supplier for 5000 units at 5\% more than we paid for the stock on hand at Ist April 2023. Issued 2500 units to the production department. Issued 1400 units to the production department and 80 units that were issued on the 5 th were returned from the production department. Purchased 5680 units from our supplier costing R36 920.00. Issued 4000 units to the production department. Received 900 units from our supplier at R6.80 each and returned 250 units. which we received on the 9 th, back to our supplier. Issued 3000 units to the production department. Reauired: 5.1 Using the FIFO method calculate the total value of purchases during April 2023. 6 marks 5.2 Using the FIFO method calculate the total value of cost of sales during April 2023.6 marks 5.3 Using the FIFO method calculate the total value of closing stock on 30 April 2023.8 marks Complete using the following formatStep by Step Solution
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