QUESTION 2Answer the questions from the information provided.2.1Use the information provided below to calculate the number of units of Product Tex that must beproduced for July and August.INFORMATION2.22.3The estimated sales volume of Product Tex is 25 000 units for June, 21 000 units for July, 30 000 units for Augustand 36 000 units for September. The policy of management is to maintain an ending finished goods inventory eachmonth equal to 20% of the current month's budgeted sales and 30% of the following month's budgeted sales.Study the information provided below and calculate the expected value of closing inventory as at 31December 2022, if the FIFO method of inventory valuation is used.INFORMATIONThe following information was supplied by Sunbeam Manufacturers for 2022 in respect of its finished goods:Inventory on 01 JanuaryCost of production of finished goods manufacturedCost of goods soldSales value of the goods soldUse the information provided below to determine the cost (as a percentage, expressed to twodecimal places) to Banda Stores of not accepting the discount.R640 000570 000435 000675 000Fego Manufacturers granted credit terms of 60 days to Banda Stores but the manufacturer is prepared to allow arebate of 2% % if Banda Stores pays the account within 12 days.

Given that, Estimated Sales volume for ; June = 25 000 units July = 21 000 units August = 30 000…

2.1 Use the information provided below to calculate the number of units of Product Tex that must be produced for July and August. INFORMATION The estimated sales volume of Product Tex is 25 000 units for June, 21 000 units for July, 30 000 units for August and 36 000 units for September. The policy of management is to maintain an ending finished goods inventory each month equal to 20% of the current month's budgeted sales and 30% of the following month's budgeted sales.

2.1 Use the information provided below to calculate the number of units of Product Tex that must be produced for July and August. INFORMATION The estimated sales volume of Product Tex is 25 000 units for June, 21 000 units for July, 30 000 units for August and 36 000 units for September. The policy of management is to maintain an ending finished goods inventory each month equal to 20% of the current month's budgeted sales and 30% of the following month's budgeted sales.

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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