QUESTION ONE 1.1 Calculate the economic order quantity (EOQ) per annum. Economic order quantity Startrek Secondary School purchases 700 math's sets per annum. The cost of each math set is N$80. Each set is sold for N$100. The cost of placing a single order is N$45. The holding cost is 11% of the unit purchase price. 1.2 Calculate the value of closing inventory using the Weighted average cost inventory valuation method. Inventory valuation The following information concerning blankets appeared in the journal of Casio Traders for the month of September 2022: Date Units Cost per Unit N$85 Details Opening Inventory 1 20 7 Purchases 23 N$90 16 Purchases 33 N$95 25 Purchases 18 N$100 31 Sales for the 69 month

QUESTION ONE 1.1 Calculate the economic order quantity (EOQ) per annum. Economic order quantity Startrek Secondary School purchases 700 math's sets per annum. The cost of each math set is N$80. Each set is sold for N$100. The cost of placing a single order is N$45. The holding cost is 11% of the unit purchase price. 1.2 Calculate the value of closing inventory using the Weighted average cost inventory valuation method. Inventory valuation The following information concerning blankets appeared in the journal of Casio Traders for the month of September 2022: Date Units Cost per Unit N$85 Details Opening Inventory 1 20 7 Purchases 23 N$90 16 Purchases 33 N$95 25 Purchases 18 N$100 31 Sales for the 69 month

Name: QUESTION ONE1.1 Calculate the economic order quantity (EOQ) per annum
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Description: QUESTION ONE1.1 Calculate the economic order quantity (EOQ) per annum.Economic order quantityStartrek Secondary School purchases 700 math's sets per annum. Thecost of each math set is N$80. Each set is sold for N$100. The cost ofplacing a single ord

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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