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Q - ( 5 Marks: c 1 : 5 ) : Asian company record their transactions concerning part x for the month of March was
Q Marks: c:: Asian company record their transactions concerning part for the month of March
was as follows.
Marks
Instructions
a Compute the inventory at March on each of the following bases. Assume that perpetual
inventory records are kept in units only. Carry unit costs to the nearest cent.
Specific identification; ending inventory is comprised of units from beginning inventory
and units from the March purchase.
Firstin firstout FIFO
Averagecost
b If the perpetual inventory record is kept in Dinar, and costs are computed at the time of each
withdrawal, what amount would be shown as ending inventory in and above? Carry
average unit costs to four decimal places.
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