The following data relates to the item of raw material:Unit cost of raw materialR30Usage per week50 unitsFixed ordering costR25 per orderVariable holding cost per annum, as a % of unit cost10%Number of weeks in a year48Required:Drag and drop the correct answer by filling in the missing information:Order quantity150200300480Number of orders blank blank blank blankAverage inventory blank blank blank blankANNUAL INVENTORY COSTSRRRROrdering costs blank blank blank blankHolding costs blank blank blank blankTOTAL blank blank blank blank  EOQ level  400 280 225 150 75 110 650 100 600 305 845 200 10 8 5 38 450 32 290 140 300 16 240 625 220 125 12 720Previous activityAssessment 5Jump to...Next activityAssessment 7Contact us Follow us You are logged in as LINDA NXUMALO (Log out)Data retention summaryGet the mobile appGet the mobile app

You are given the following information for the year ended 31 October 2019: Cost item Amount (Sh) Purchase of raw materials 112,000 Returns inwards 8,000 Decrease in stock of raw materials 8,000 Direct wages 42,000 Carriage outwards 4,000 Carriage inwards 3,000 Production overheads 27,000 Increase in work-in-progress 10,000 The value of factory cost of goods completed is Select one: a. Sh 202,000 b. Sh 174,000 c. Sh 183,000 d. Sh 182,000

Consider the information provided in the following three (3) independent cases A, B and C. Calculate the missing values and choose the correct answer from the options provided. CASE ACASE BCASE C RRRRaw materials inventory, beginningBlank 152 50032 400Purchases209 000105 000Blank 2Raw materials, ending65 40084 00054 000Direct material used326 000Blank 3216 000Direct labour432 000262 500Blank 4Manufacturing overheadsBlank 5210 000220 000Current manufacturing costsBlank 6Blank 7702 000Work-in-process inventory, beginning108 600157 500Blank 8Work-in-process inventory, ending214 600168 000378 000Cost of goods manufactured980 000Blank 91 135 000Finished goods inventory, beginning223 000189 000Blank 10Finished goods inventory, ending545 900109 000108 000Cost of goods soldBlank 11Blank 121 058 400

What is the total inventory-related cost per year? (Note: you need to compute the totalannual ordering costs and annual carrying costs)

The following information relates to a business at its year end Item Amount (Sh) Item Amount (Sh) Sales 600,000 Opening stocks: Purchases of raw materials 100,000 Raw materials 20,000 Returns inwards 10,000 Work in progress 4,000 Returns outwards 15,000 Finished goods 68,000 Carriage inwards 8,000 Closing stocks: Carriage outwards 12,000 Raw materials 22,000 Direct labour 80,000 Work in progress 8,000 Factory overheads 150,000 Finished goods 60,000 Determine the following: (Write your answers with commas, e.g. 10,000 not 10000) 1. Cost of manufacturing during the year = Sh 2. Cost of goods manufactured = Sh 3. Cost of goods sold = Sh 4. Gross profit = Sh

Direct Materials Inventory WIP Inventory Finished Goods Inventory Factory Department Overhead Cost of Goods Sold Additional information is as follows: Cost of direct materials purchased during 20X5 Cost of direct materials requisitioned in 20X5 Cost of goods completed during 20X5 Factory overhead applied (120% of direct labor) LB Company has the following balances as of the year ended December 31, 20X5. ₱15,000 Dr. 34,500 Dr. 49,500 4,000Dr. 74,500 Dr. Dr. ₱41,000 47,000 102,000 48,000 Required: Compute beginning direct materials inventory. Compute beginning WIP inventory. Compute beginning finished goods inventory. Compute actual factory overhead incurred.