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The opening balances of the firm's selected inventory accounts were as follows in HUF): Raw materials (3,200 kg) 4,160,000, cost difference of materials (credit) 748,800,
The opening balances of the firm's selected inventory accounts were as follows in HUF): Raw materials (3,200 kg) 4,160,000, cost difference of materials (credit) 748,800, 320 kg of raw materials were used for production, 256 kg of raw materials were purchased for 299 520 HUF VAT, Required: Record the above transactions. (Round to the nearest integer.) 1. Use (plan: Dr Raw materials . * C Cash 4160000 X 2. Use (difference): De Cost difference of me a Cash X 748800 X 3. Purchase (plan): De Payable VAT XC Cash X 299520 4. Purchase (real): Dt Payable VAT X XOY Cash x 5. VAT 27 De Payable VAT 299520 XC Cash X 299520 X The opening balances of the firm's selected inventory accounts were as follows in HUF): Raw materials (3,200 kg) 4,160,000, cost difference of materials (credit) 748,800, 320 kg of raw materials were used for production, 256 kg of raw materials were purchased for 299 520 HUF VAT, Required: Record the above transactions. (Round to the nearest integer.) 1. Use (plan: Dr Raw materials . * C Cash 4160000 X 2. Use (difference): De Cost difference of me a Cash X 748800 X 3. Purchase (plan): De Payable VAT XC Cash X 299520 4. Purchase (real): Dt Payable VAT X XOY Cash x 5. VAT 27 De Payable VAT 299520 XC Cash X 299520 X
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