Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During First week of September 2010, Tri star football manufacturers worked on two orders for production of export quality of footballs. A synthetic leather codes

During First week of September 2010, Tri star football manufacturers worked on two orders for production of export quality of footballs. A synthetic leather codes as ML-9 was used for the production. Opening Balance September 088 sq. feet at Rs.20 per sq. feet Sept. 2nd Received 100 sq. feet at Rs. 2200, Sept. 3rd 120 sq. feet issued. Sept. 4th Received 200 sq. feet @ Rs. 24. Sept. 5th Returned to storeroom (treat as oldest issue) 10 sq. feet. Sept. 6th issued 210 sq. feet. Sept. 7th 10 sq. feet returned to storeroom. Requirements: Prepare store Ledger card by using LIFO, FIFO and ACM method also Calculate Cost of goods sold under each method while Direct Labor Cost is Rs. 6000 and FOH is 20% above from Direct Labor.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit And Trace Log Management Consolidation And Analysis

Authors: Phillip Q. Maier, Bennett Rothke

1st Edition

0849327253, 978-0849327254

More Books

Students also viewed these Accounting questions

Question

Show mathematically why there are 64 possible triplet codons.

Answered: 1 week ago