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Cac Assignment

ASSIGNMENT

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casilori9
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27 views2 pages

Cac Assignment

ASSIGNMENT

Uploaded by

casilori9
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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PROBLEM 6

1. FIFO
RECEIVED ISSUED BALANCE
DATE Qty Unit Cost Amt. Qty Unit Cost Amt. Qty Unit Cost
Aug-01 1,600 6
Aug-05 400 7 2,800 1,600 6
400 7
Aug-09 400 8 3,200 1,600 6
400 7
400 8
Aug-16 800 6 4,800 800 6
400 7
400 8
Aug-24 600 9 5,400 800 6
400 7
400 8
600 9
Aug-27 800 6 4,800
200 7 1,400 200 7
400 8
600 9

2. Average
RECEIVED ISSUED BALANCE
DATE Qty Unit Cost Amt. Qty Unit Cost Amt. Qty Unit Cost
Aug-01 Balance 1,600 6
Aug-05 400 7 2,800 2,000 6.2
Aug-09 400 8 3,200 2,400 6.5
Aug-16 800 6.5 5,200 1,600 6.5
Aug-24 600 9 5,400 2,200 7.18
Aug-27 1000 7.18 7,180 1,200 7.18
BALANCE Cost Material Used:
Amt. QT UC TC
9,600 800 6 4800
9,600 800 6 4800
2,800 200 7 1400
9,600 11000
2,800
3,200 Cost of Ending Inventory
4,800 200 7 1400
2,800 400 8 3200
3,200 600 9 5400
4,800 10000
2,800
3,200
5,400

1,400
3,200
5,400

BALANCE Cost Material Used:


Amt. QT UC TC
9,600 800 6.5 5200
12,400 1000 7.18 7180
15,600 12380
10,400
15,796
8616 Cost of Ending Inventory
1200 7.18 8616

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