CAPE Accounting Unit 2 · 2017 · Paper 2 · Question 1(d)
List TWO principles of material control and give an example of EACH principle.
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Practise this questionOther parts of this question
- 1(a)Prepare a schedule of the cost of goods manufactured for the year ending 31 December 2016.[17 marks]
- 1(b)(i)Identify the unit costs which will be relevant to the decision to be made by Orchid Enterprise and calculate the total unit cost.[5 marks]
- 1(b)(ii)Should the company accept the special order? Justify your answer.[3 marks]
- 1(c)(i)Compute the value of the closing inventory of raw materials for March 2016 using the First-in, first-out (FIFO) method.[3 marks]
- 1(c)(ii)Compute the value of the closing inventory of raw materials for March 2016 using the Average cost method.[3 marks]
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