No. Date NUR FARAH (RDA BT md Ago! Emel (2.00 Fa 7 - | Nano Bhd praduction anol sales veeorde Pov the pevind 2olé 2018 + 2 Caleylate the grost profit for each year, acsuming thot Invertory NAWEL Are caleuloted in terms of Fifo and Ufo. Gross Profit = Sales - Cort of qood Seict BOI gress profit Fm Dao, 000 - PM 150,000 = RM 50,000 DOlFt gost protit = Pr az0,000 - FM IBO9DG = RM 199,990 D018 grost profit = Pm 220,000 — am 170,094 = Pm 150,900 —- by. Accorsting Fo MERE, Which wethad ic not acceptable for dhe valuation of inventory: LIFO € Lact-tn frst out) Ts not acceptable aca method to valve protts and Inventory because this method provider #0 lew value of Inventory and a Wore value ot petit :N value ls inventory» _ J US ventory — a J A) Discuss fre importance of having good management 1 —_— — tre _im e 4 Ve Dido kuna: a y _ - _ + Iwentory 1S 0 curvend assed anc presented in an entity ’s a Staiement of financal position It forms a mayor pard of the _ busines actvities. Fired, effective inventory management provider Bid in better planning ard Ordering thocks Heme - Second, on ifective Inventory managemes! Suttem car easily tack the Stocle ny the warehouse without having overstocleing » batty, the importance of inventory contto! is te minimiae the Blockage of financial vesourees b> determine the value of inventors Product | Unite [Total Costs Net veatizatie Value [rete value of inventory, A ooo sso | Gao — _ _550 b | ovo | 55° 50° i soo c ooo | 490 $50 eek SL OOS : | 00 | BP 1809 | ah Sea)N 23 = Stectemoion Lele enn] _ ba | cost of verdes Fe | CoA A Inventor FiPO method ‘ | Co Purchased Cott of Gator Details | Untt Total unit Unit | Unit | Tote march, Cost | Cost Cost | cost an ee holeciter breycte + balances Unik Unit _ 3 | Sales P 4. |Parchae: 4 [500s 7 | 4 isl{— _ No, ate Pav erated east of saves baloncet « wit | Ttal | unit | amit |toter | ame | unit cost | cost cast | Cost cost _| cost _as | oso a2 | % |7,008 ' a { _ a We yw | w__| rose i | > [ac | 50 31 [Balances 13 lso206| 142 4 405° Lo - _ a _ b:| Caleuiate the grott profit on Salet fer the month of march 2013 based on your answer in Net 4 _ _ -L | Guess protit = Sales - Cord A good sord _ — Gyros pret = Fm 14 HOS ~ Fm 50, 205 _ = Em- 35,900Ye ges No, Date ia \_& | Gost of twentory welgntes Average meen » aereLs | N y Restores Sent _ot Sate Balances = Spates [Details | unt Unt | Teta Unie | Und | Tete) Unit | Unb Teta ia set_| seit cout | cost cost | cost St __ [Balances te ae a 42 [es [2468 +t Sales doo ae Gaocal so = ae kK 42 ae 26S : — = Ibo | 60Q | 45 | 22 [269° 43 as |scsx | [Purchase | os al 5005 rom [lass | eae 42 | 8s |zeso 4 fo firetore| 6 [Hage re [aa [masa | | a3 v5 | 2,655 | ce _ {Saves se_| ae [ueio| qo [aa [ago 42. [85 [a.com (| Rurchase J a a a a ars az [ac [zcce a sales 6o | 1s |tsvo] 3) a nee 42 as 3,650 2c |purenase| | 9% _| toe vor bas dauve a [as [eer | “21 fwoaed | 2 bs _|eso walleae| sce fal 43 [es [acces | 3 frotar Tesqoliaa 1 — 4| catcatate the gwss profit en sales for the month of march “| d012 Laser on your answer in nog . [eres petit = Sates — Cost of Good gota. me > Rm 12,265 - km S540 tod — hee = Bm ~ 43/445 Ee