The following information is extracted from the stores ledger of Anu Ltd Issues are to be priced on the principle of FIFO Write the stores ledger account September 1 Opening balance 500 units at Rs 10 6 Purchases 100 units at Rs 11 20 Purchases 700 units at Rs 12 27 Purchases 400 units at Rs 13 Oct...

The Answer is in the image, click to view ...

The following information is extracted from the stores ledger of Anu Ltd: Issues are to be priced

Question:

The following information is extracted from the stores ledger of Anu Ltd:

image text in transcribed

Issues are to be priced on the principle of FIFO. Write the stores ledger account.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

See More Books

Question Posted: Jun 12, 2024 10:13 AM

See More Questions

The following information is extracted from the stores ledger: Issue are to be priced on the principle of FIFO method. Write up the stores ledger account. January 1. 5. 12. 20. 25. Opening balance...
Performance objective The candidate will demonstrate the ability to implement financial management approaches. Assessment description In response to the scenario provided, you will access and...
b) The company has recently received $800,000 and is considering invest in Australia to exploit the higher interest rate. What is the yield to the company if it conducts a covered interest...
A companys retained earnings on December 31, 2018 was $2,190,000 and its shareholders equity was $8,760,000. During 2019 the company reported the following: Net income $225,000 A sale of treasury...
A sales representative selling auto parts receives a commission of 4.5% on net sales up to $10 000, 6% on the next $5000, and 8% on any further sales. If his gross sales for a month were $24 250 and...
A friend recently heard that you won a pitching competition and she would like you to help her with her business pitch to investors. She started a company called Fit for You, a prosthetics company...
2. What is the total outstanding balance of customer invoices?
The Kalo Fertilizer Company makes a fertilizer using two chemicals that provide nitrogen, phosphate, and potassium. A pound of ingredient 1 contributes 10 ounces of nitrogen and 6 ounces of...
P4-2 Sales-related transactions s Co., which The following selected transactions were completed by Affor sells supplies p rimarily to wholesalers and occasionally to retail customers n/eom. The cost...
The following is the record of receipts and issues of a certain material for the month of December: 4. December 3. Opening balance 200 kg at Rs. 20 per kg Issue 100 kg 10. Issue 50 kg 18. Purchases...
Following is the information relating to a type of material: Annual demand 2,400 units Unit price Rs. 2.40 Ordering cost per order Rs. 4.00 Storage cost 2% p.a. Interest rate 10% p.a. Lead time Half...
What reasons account for firms' decisions to use acquisition strategies as a means to achieving strategic competitiveness?
(a) Draw a simplified ray diagram showing the three principal rays for an object located inside the focal length of a converging lens, closer to the lens than to the focal point. (b) Is the image...
Power efficiency has become very important for modern processors, particularly for embedded systems. Create a version of gcc for two architectures that you have access to, such as x86, RISC-V,...
There is a movement toward wireless mobile computing using thin-client technology. Go to the Web and visit some of the ma jor computer vendors that are producing thin-client products such as handheld...
Draw a B-tree of order 4 and height 3 containing the fewest elements. Show an example of a split that would be applied by inserting the fewest number of elements.
Repeat Example 10-4, except calculate the diameter at the bottom of the column. Example 10-4 A distillation column is separating n-hexane from n-heptane using 1-in. ceramic Intalox saddles. The...
What are the disadvantages of the functional organisation?
What impact has the Internet had on the globalization of small firms? How do you think small companies will use the Internet for business in the future?
crane Inc. common chairs currently sell for $30 each. The firms management believes that it's share should really sell for $54 each. If the firm just paid an annual dividend of two dollars per share...
Determine the simple interest earned on $10,000 after 10 years if the APR is 15%
give me an example of 10 transactions from daily routine that we buy and put for me Liabilities + Owners' Equity + Revenues - Expenses

The following information is extracted from the stores ledger of Anu Ltd: Issues are to be priced

Question:

September 1. Opening balance 500 units at Rs. 10 6. Purchases 100 units at Rs. 11 20. Purchases 700 units at Rs. 12 27. Purchases 400 units at Rs. 13 October 13. Purchases 1,000 units at Rs. 14 20. Purchases 500 units at Rs. 15 November17. Purchases 400 units at Rs. 16

Step by Step Answer:

Cost Accounting

Students also viewed these Business questions