Question
Prepare a statement showing the pricing of issues, on the basis of (5 marks) (a) First In First Out (FIFO) (b) Simple Average and
Prepare a statement showing the pricing of issues, on the basis of (5 marks) (a) First In First Out (FIFO) (b) Simple Average and 2018 March 1 Opening balances 250 units @ OMR 7.5 each 2 Purchased 240 units @ OMR 7.2 each. 25 5 7 10 13 18 20 25 Issued 250 units to Job X vide M.R.No.12 Purchased 200 units @ OMR 7.50 each Purchased 300 units @ OMR 7.80 each Issued 300 units to Job Y vide M.R.No.15 Issued 150 units to Job Z vide M.R.No.17 Purchased 200 units @ OMR 8 each Issued 150 units to Job K vide M.R.No.25
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
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