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Quarter 2020 Units purchased Cost per unit Total purchases N$ Unit sold
1 300 30 9000 300
2 400 35 14000 300
3 400 36 14400 300
4 300 37 11100 300
1400 48500 1200
Inventory at the beginning of 1st quarter was 500 units at N$29per unit and Inventory at end of 4th quarter was 700 units. Based on inventory reports for the last 5years the delivery period for gaskets has been between 1 and 2 weeks and on average 200 to 300 gaskets per quarter. 2.1 Using the FIFO method calculate the cost of goods sold
2.2Using the LIFO method calculate the cost of goods sold
2.3 What is the gross profit for the year based on FIFO cost of sales figure given a margin of 20%?
2.4 Re order level
2.5Minimum inventory level
2.6Name any three documents involved in inventory control
You win $100 in a basketball pool. You have
a choice between spending the money now or
putting it away for a year in a bank account that
pays 5 percent interest. What is the opportunity
cost of spending the $100 now?
You win $100 in a basketball pool. You have
a choice between spending the money now or
putting it away for a year in a bank account that
pays 5 percent interest. What is the opportunity
cost of spending the $100 now?
Calculate the ∆H for the reaction: CS² (I) + 2 O² (g) CO² (g) + 2 SO² (g) what is the answer?
Three managers of the Magic Potion Company
are discussing a possible increase in production.
Each suggests a way to make this decision.
Harry: We should examine whether our
company’s productivity—gallons
of potion per worker—would rise
or fall.
Ron: We should examine whether our
average cost—cost per worker—
would rise or fall.
Hermione: We should examine whether
the extra revenue from selling
the additional potion would be
greater or smaller than the extra
costs.
Steam at a pressure of 3.5 MPa is known to have a specific volume of 50X10-3 m3/kg. What is its specific enthalpy?
Give a brief overview of the evolution of the Intel X86 architecture from its introduction in 1978 up to these day.
How much 0.1 F HC2H3O2 is required to make 500ml of solution with a pH of 4.0?
In a national achievement test, the mean was found to be 62 and the standard deviation was 10. The scores also approximate the normal distribution.
- What is the minimum score that belongs to the upper 10% of the group?
- What are the two extreme scores outside of which 5% of the group are expected to fall?
- What is the score that divides the distribution into two such that 75% of the cases is below it?
- Estimate the range of scores that will include-
a. the middle 50% of the distribution.
b. the middle 95% of the distribution.
How much 0.1 F HC2H3O2 is required to make 500ml of solution with a pH of 4.0?
#339914 on Dec 2023