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Prepare a Departmental SOPL for the year ended 31-12-2019 for Multistores Coy Dept. A Particulars Dept. B Opening Inventory 175,000 Purchases 4,025,000 350,000 Inter Transfer
Prepare a Departmental SOPL for the year ended 31-12-2019 for Multistores Coy
Dept. A Particulars Dept. B Opening Inventory 175,000 Purchases 4,025,000 350,000 Inter Transfer of Goods (From A to B) 1,225,000 1,225,000 Wages 175,000 280,000 Electricity Expenses 17,500 245,000 Closing Inventory (at cost) 875,000 315,000 Sales 4,025,000 2,625,000 Office Expenses 35,000 28,000 Combined Expenses for both Department Salaries (2:1 Ratio) 472,500 Printing and Stationery Expenses (3:1 Ratio) 157,500 Advertisement Expenses ( Sales Ratio) 1,400,000 Depreciation (1:3 Ratio) 21,000 Step by Step Solution
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