Record all transactions in appropriate T-accounts (costs by function, FIFO perpetual), close all accounts and calculate
Posted: Sun Jun 05, 2022 6:41 pm
Record all transactions in appropriate T-accounts (costs by
function, FIFO perpetual), close all accounts and
calculate the ending balances.
Opening balances:
Material A: 100 units x 3 / unit = 300
50 units x 2,8 / unit = 140
Traded goods A: 25 units x 4 / unit = 100
Trade payable: 540
function, FIFO perpetual), close all accounts and
calculate the ending balances.
Opening balances:
Material A: 100 units x 3 / unit = 300
50 units x 2,8 / unit = 140
Traded goods A: 25 units x 4 / unit = 100
Trade payable: 540