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    FIFO and Weighted Ave

    Uploaded by

    Mae Marino
    The document tracks the receipts and issuances of a company's moving average inventory over multiple periods. It shows the beginning balance, purchases at various unit costs, issuances at the moving average unit cost, and the ending balance. Through a series of purchases and issuances, the ending inventory balance was 500 units with a unit cost of $18.47 for a total value of $9,231.50.

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    © All Rights Reserved
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    FIFO and Weighted Ave

    Uploaded by

    Mae Marino
    143 views2 pages
    The document tracks the receipts and issuances of a company's moving average inventory over multiple periods. It shows the beginning balance, purchases at various unit costs, issuances at the moving average unit cost, and the ending balance. Through a series of purchases and issuances, the ending inventory balance was 500 units with a unit cost of $18.47 for a total value of $9,231.50.

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    FIFO and weighted ave

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    The document tracks the receipts and issuances of a company's moving average inventory over multiple periods. It shows the beginning balance, purchases at various unit costs, issuances at the moving average unit cost, and the ending balance. Through a series of purchases and issuances, the ending inventory balance was 500 units with a unit cost of $18.47 for a total value of $9,231.50.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    143 views2 pages

    FIFO and Weighted Ave

    Uploaded by

    Mae Marino
    The document tracks the receipts and issuances of a company's moving average inventory over multiple periods. It shows the beginning balance, purchases at various unit costs, issuances at the moving average unit cost, and the ending balance. Through a series of purchases and issuances, the ending inventory balance was 500 units with a unit cost of $18.47 for a total value of $9,231.50.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Receipts Issuance Balance

    Moving Average
    Units Unit Cost Amount Units Unit Cost Amount Units Unit Cost Amount
    Beginning balance is 1,600 units at P 16.00             1,600 16 25,600
                1,600 25,600
    400 17 6,800       400 16.2 6,800
    Purchased 400 units at P 17.00             2,000 32,400
                1,600 25,600
                400 6,800
    Purchased 400 units at P18.00 16.5
    400 18 7,200       400 7,200
                2,400 39,600
    Issued 2,200 units       2,200 16.5 36,300 200 16.5 3,300
                200 3,300
    Purchased 600 units at P19.00 600 19 11,400       600 18.375 11,400
                800 14,700
    Issued 700 units       700 18.375 12,862.50 100 18.375 1,837.50
                100 1,837.50
    Purchased 300 units at P 17.50 300 17.5 5250       300 17.72 5250
                400 7,087.50
                400 7,087.50
    Purchased 900 units at P 18.00 900 18 16200       900 17.91 16,200
                1300 23,287.50
    Issued 1,200 units       1,200 17.91 21,496.15 100 17.91 1,791.35
                100 1,791.35
    1,600 18.5 29600       1,600 18.47 29,600
    Purchased 1,600 units at P18.50             1,700 31,391.35
          1,200 18.47 22,159      
    Issued 1,200 units             500 18.47 9,233
    Units Unit Cost Amount
    Inventory - Beginning 1,600 16 25,600
    Add: Purchases
    400 17 6,800
    400 18 7,200
    600 19 11,400
    300 17.5 5,250
    900 18 16,200
    1,600 18.5 29,600
    Raw Materials Available for use 5,800 102,050
    Less: Issuance
    2,200 16.5 36,300
    700 18.375 12,863
    1,200 17.91 21,492
    1,200 18.47 22,164
    5,300 92,819

    Raw Materials Inventory 500 9,231.50

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