Mogiya Company purchases three types of plastics to which are used in manufacturing its cars from its

long time supplier namely: polypropylene, polyurethane, PVC. Its purchase is every beginning of every
quarter in a year and any remaining balance payable at the end of that quarter.

Cost per plastics and the required volume of plastics needed in manufacturing a car are as follows:

Cost Required volume

Polypropylene: 4692 50 kgs.

Polyurethane: 1650 15 kgs.
PVC 65 16 kgs.

Transactions that have occurred for every quarter are as follows:

January 2: Purchased the following volume of plastics and availed a discount of 5%: Paid 13,000,000

Kilos Cost TOTAL

Polypropylene: 3000 4692 14,076,000

Polyurethane: 900 1650 1,485,000
PVC: 960 65 62,400
TOTAL 15,623,400

Purchases-Plastic parts:Polypropylene 14,076,000

Purchases-Plastic parts:Polyurethane 1,485,000
Purchases-Plastic parts:PVC 62,400
Purchase discount 781,170
Cash 13,000,000
A/P 1,842,230

March 30:

A/P 1,842,230
Cash 1,842,230
April 2: Purchased the following volume of plastics and availed a discount of 5%: Paid 9,000,000

Kilos Cost TOTAL

Polypropylene: 2000 4692 9,384,000

Polyurethane: 600 1650 990,000
PVC: 640 65 41,600
TOTAL 10,415,600

Purchases-Plastic parts:Polypropylene 9,384,000

Purchases-Plastic parts:Polyurethane 990,000
Purchases-Plastic parts:PVC 41,600
Purchase discount 520,780
Cash 9,000,000
A/P 894,820

June 30:

A/P 894,820
Cash 894,820

July 2: Purchased the following volume of plastics and availed a discount of 5%: Paid 14,000,000

Kilos Cost TOTAL

Polypropylene: 3500 4692 16,422,000

Polyurethane: 750 1650 1,237,500
PVC: 800 65 52,000
TOTAL 17,711,500

Purchases-Plastic parts:Polypropylene 16,422,000

Purchases-Plastic parts:Polyurethane 1,237,500
Purchases-Plastic parts:PVC 52,000
Purchase discount 885,575
Cash 14,000,000
A/P 2,825,925

September 30:

A/P 2,825,925
Cash 2,825,925
October 2: Purchased the following volume of plastics and availed a discount of 5%: Paid 16,000,000

Kilos Cost TOTAL

Polypropylene: 3500 4692 16,422,000

Polyurethane: 2,300 1650 3,795,000
PVC: 2,600 65 169,000
TOTAL 20,386,000

Purchases-Plastic parts:Polypropylene 16,422,000

Purchases-Plastic parts:Polyurethane 3,795,000
Purchases-Plastic parts:PVC 169,00
Purchase discount 1,019,300
Cash 16,000,000
A/P 3,366,700

December 30:

A/P 3,366,700
Cash 3,366,700