Zannit Products use stock cards to record receipts and issues of the various components held in the
Question:
Zannit Products use stock cards to record receipts and issues of the various components held in the stores. It is the firm’s policy to keep records of both the quantity and value of stock items.
On 1 May there were 158 units in stock of item MN/8. The cost price per unit is £8.00. During the month ofMay the following stock movements took place:
Date Receipts Items Date Issues Items 4 May Invoice 212 150 3 May Requisition Number 642 30 18 May Invoice 249 80 8 May Requisition Number 651 42 24 May Invoice 274 70 12 May Requisition Number 674 78 31 May Invoice 305 50 20 May Requisition Number 715 69 26 May Requisition Number 736 56 You are required to:
(a) Rule up a stock record card with suitable column headings.
(b) Complete the stock record card, in date order, for the month of May.
Step by Step Answer:
