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cost accounting Question - 1 The Lahore Clinic makes the following purchases and issues of replaceable for respirator machines: Inventory on September Receipts 22 SIOTY
cost accounting
Question - 1 The Lahore Clinic makes the following purchases and issues of replaceable for respirator machines: Inventory on September Receipts 22 SIOTY on- 1 5 400 500 200 700 600 500 units units units units units units Rs. 14 @ Rs.13.10 @ Rs.12.40 @ Rs.12.10 Issues 25 12 27 Required: You are required to calculate the cost of tubes and the cost assigned to the September 30, inventory using perpetual inventory costing method: i) FIFO Method ii) LIFO Method iii) Average Method Question - 1 The Lahore Clinic makes the following purchases and issues of replaceable for respirator machines: Inventory on September Receipts 22 SIOTY on- 1 5 400 500 200 700 600 500 units units units units units units Rs. 14 @ Rs.13.10 @ Rs.12.40 @ Rs.12.10 Issues 25 12 27 Required: You are required to calculate the cost of tubes and the cost assigned to the September 30, inventory using perpetual inventory costing method: i) FIFO Method ii) LIFO Method iii) Average Method Step by Step Solution
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