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The following data about Maxwell Company is given for the month of August. August 1 Inventory 800 units at P10 12 Purchase 1,000 units at
The following data about Maxwell Company is given for the month of August.
August 1 Inventory 800 units at P10
12 Purchase 1,000 units at P12
14 Purchase 500 units at P11.50
16 Issue 800 units
18 Purchase 600 units at P15
20 Issue 500 units
25 Purchase 400 units at P14
28 Issue 800 units
Using the data above and using weighted average, compute for:
- Weighted average unit cost
- Cost of ending inventory
- Cost of materials issued
- Using Moving average method, compute for
- Cost of ending inventory
- Cost of materials issued
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