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The following information consist of inventory of Nero Ltd at financial yea...
✅ Перевірена відповідь на це питання доступна нижче. Наші рішення, перевірені спільнотою, допомагають краще зрозуміти матеріал.
The following information consist of inventory of Nero Ltd at financial year ended, 31 December 2023:
|
Opening inventory
R
|
Closing inventory
R
|
Net realisable value
R
|
Raw material
|
218 850
|
196 800
|
170 200
|
Work in progress
|
122 400
|
140 550
|
100 000
|
Finished goods
|
288 000
|
274 800
|
400 000
|
Packaging material
|
10 950
|
12 600
|
11 250
|
Stationery
|
4 950
|
4 200
|
3 750
|
The following purchase, sales, and payment transactions below were extracted from the accounting records of Nero Ltd for the financial year ended 31 December 2023:
|
R
|
Revenue
|
2 936 100
|
Raw material
|
565 350
|
Administration expenses
|
580 650
|
Transport costs of raw material
|
48 600
|
Selling expenses
|
98 100
|
Variable production overhead costs
|
242 400
|
Fixed production overheads
|
276 750
|
|
|
Additional information
Fixed production overhead costs are allocated at R60 per unit based on a normal capacity of 4 000 units.
Required:
The following is the carrying amount of inventory of Nero Ltd at financial year end 31 December 2023: