Question

If Flor wanted to invest an additional
amount of P 27, 000.00 in (2) above and
decided to purchase inventories for the three
departments in the same proportion as the sales
ratio, how much inventories will be purchased for
each department?​

Answer 1

Answer:

Step-by-step explanation:

To stock 72,000 48,000 40,000 1,60,000 By Sales 3,60,000 2,70,000 1,80,000 8,10,000

To Purchases 2,64,000 1,76,000 88,000 5,28,000 By Stock 90,000 35,000 42,000 1,67,000

To Carriage Inwards 3,000 2,000 1,000 6,000

To Gross Profit c/d 1,11,000 79,000 93,000 2,83,000

4,50,000 3,05,000 2,22000 9,77,000 4,50,000 3,05,000 2,22,000 9,77,000

To Carriage Outwards 2,000 1,500 1,000 4,500 By Gross

To Salary of Manager 3,000 3,000 3,000 9,000 Profit b/d 1,11,000 79,000 93,000 2,83,000

To Salaries 30,000 24,000 18,000 72,000 By Discount

To Advertisement 2,400 1,800 1,200 5,400 received 900 600 300 1,800

To Discount allowed 1,000 750 500 2,250

To Rent, Rates and

Taxes 3,000 2,500 2,000 7,500

To Depreciation 500 500 500 1,500

To Provision for Bad

Debts 750 500 500 1,750

To Managers

Commission 6,925 4,505 6,660 18,090

To Net Profit 62,325 40,545 59,940 1,62,810

1,11,900 79,600 93,300 2,84,800 1,11,900 79,600 93,300 2,84,800