Question
Justin Manufacturing wants to compute for the inventory valuation of its raw materials. Below are the data for the month of June: June 1 Balance
Justin Manufacturing wants to compute for the inventory valuation of its raw materials. Below are the data for the month of June:
June 1 Balance 1, 000 @ P4.00
June 3 Issued 100
June 5 Purchased 500 @ P3.50
June 6 Issued 400
June 18 Purchased 500 @ P5.00
June 25 Issued 200
- Using FIFO method compute for the cost of ending Inventory Value
- Using FIFO method, compute for the cost of Materials Issued
- Using the moving average method compute for the cost of Inventory Value
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Authors: Tom Litton, Poppy Behrens, Erica Shatzer, George Bernal
1st Edition
0977157814, 978-0977157815
