SUBJECT: MANAGEMENT ACCOUNTING
- Urgent Please Kindly Show Working Methods This Is For An Exam Due Today Thank You So Much Your Help Is Very Much Ap 1 (93.28 KiB) Viewed 8 times
URGENT: Please kindly show working methods. This is for an exam due today. Thank you so much. Your help is very much ap
-
answerhappygod
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
URGENT: Please kindly show working methods. This is for an exam due today. Thank you so much. Your help is very much ap
URGENT: Please kindly show working methods. This is for an exam due today. Thank you so much. Your help is very much appreciated
SUBJECT: MANAGEMENT ACCOUNTING
1.5 From the information provided below complete the table using the FIFO method of inventory valuation: Date Quantity Price Amount Quantity Price Amount Date 01 The following transactions of Franco Manufacturers took place during March 2022: 05 12 24 Purchased 16 28 Transaction Opening inventory Purchased from a supplier Purchased from a supplier Purchased from a supplier Issues and returns Issued to production Issued to production Units 1 600 600 1 300 1 600 1 800 Quantity 1 300 Balance Price Amount Price per unit R3.50 R4.00 R4.50 R5.00 (4 marks) ? ?
SUBJECT: MANAGEMENT ACCOUNTING
1.5 From the information provided below complete the table using the FIFO method of inventory valuation: Date Quantity Price Amount Quantity Price Amount Date 01 The following transactions of Franco Manufacturers took place during March 2022: 05 12 24 Purchased 16 28 Transaction Opening inventory Purchased from a supplier Purchased from a supplier Purchased from a supplier Issues and returns Issued to production Issued to production Units 1 600 600 1 300 1 600 1 800 Quantity 1 300 Balance Price Amount Price per unit R3.50 R4.00 R4.50 R5.00 (4 marks) ? ?