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please answer the following. thank you Assignment Introductory Managerial Accounting All questions are compulsory Total 20 Marks Q1. What expenses are included in Prime Cost

please answer the following. thank you

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Assignment Introductory Managerial Accounting All questions are compulsory Total 20 Marks Q1. What expenses are included in Prime Cost and Works Cost? (2) Q2. How do we record purchase of raw material in books (2) Q3. Find out Prime cost -om the given information. (2) Direct material $5000 Direct Labor $4500 and Direct expenses $2500 Q4. Write down any two differences between managerial accounting and nancial accounting. (2) Q5. Write down any three differences between job costing and process costing. (3) Q6. The Alpha company uses a periodic inventory system. The beginning balance of inventory and purchases made by the company during the month of July 2022 are given below: (9) June 01: Beginning inventory, 500 units @ $22 per unit. . June 18: Inventory purchased, 800 units @ $25 per unit. - June 25: Inventory purchased, 700 units @ $26 per unit. The Alpha company sold 1,400 units during the month of July. Required: Compute inventory on July 31, 2022, and cost of goods sold for the month of July using following inventory costing methods: . First in, rst out (FIFO) method 2. Last in, rst out (LIFO) method 3. Weighted average cost method

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