Question
use the information given below to calculate the net value of issues to production for May 2023 and the value of choosing inventory 2.1.1 first
use the information given below to calculate the net value of issues to production for May 2023 and the value of choosing inventory
2.1.1 first in first out 2.1.2 last in first out 2.1.3 weight average cost ( Express per unit in rand and cents.)
the following information for May 2023 was extracted from the record of kens limited, a manufacturing company for a competent used in protection
date transaction details opening inventory
01 3 000 units at R17 each
parchase from suppliers:
03 46 000 units at R18 each
16 37 000 units at R19 each
23 15 000 units at R20 each
return to supplier:
04 1000 damaged units purchased 03 may)
transfer to the production department
8 000 units during May 2023
date transaction details open inventory
01
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