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Mr. Ahmed joined in Al-Suroor Edibles LLC as a Cost Accounting trainee, you are working as a store manager in the company, needs to train
- Mr. Ahmed joined in Al-Suroor Edibles LLC as a Cost Accounting trainee, you are working as a store manager in the company, needs to train him on how the stores ledger is prepared, and the company follows FIFO method for its stock recording process. Train Mr. Ahmed based on the below available transactions for March 2020.
Date | Particulars | Units | Rate per unit (OMR) |
1st March | Opening stock | 200 | 2 |
5th March | Purchases | 100 | 2.2 |
10th March | Purchases | 150 | 2.4 |
20th March | Purchases | 180 | 2.5 |
2nd March | Issues | 150 |
|
7th March | Issues | 100 |
|
12th March | Issues | 100 |
|
30th March | Issues | 200 |
|
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