REQUIRED
Use the information provided below to calculate the economic order quantity.
marks
INFORMATION
Maxwell Wholesalers anticipates sales of units per month, a purchase price of R per unit, an
ordering cost of R per order, and a carrying cost of of the unit cost price.
REQUIRED
Use the information given below to calculate the value of closing inventory as at March and the value
of issues during March using the following methods of inventory valuation:
Firstinfirstout marks
Weighted average cost. Express the average cost per unit in Rands and cents. marks
INFORMATION
The following transactions of Seatides Manufacturers took place during March in respect of a component
used in production:
Date Transactions
Opening inventory units @ R per unit
Purchased from a supplier units @ R per unit
Purchased from a supplier units @ R per unit
Returned to the supplier see thMarch units
Purchased from a supplier units @ R per unit
Issued to production during March units
