Solution-Compute the cost of materials issued

Compute the cost of materials issued

Assignment Help Cost Accounting

Reference no: EM132747647

Question - Use both FIFO and WEIGHTED AVE in computing the required balances:

June 1 Balance 800 @ P4.00

June 3 Issued 50

June 5 Purchased 300 @ P4.50

June 6 Issued 250

June 15 Issued 400

June 18 Purchased 300 @ P5.00

June 25 Issued 100

Using average method compute for the cost of

1. Materials Issued (round off WAUC to 4 decimal places but round off final answer to 2 decimal places)

2. Using FIFO method compute for the cost of Materials Issued

3. Inventory Value (ending)

Reference no: EM132747647

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Compute the cost of materials issued : Use both FIFO and WEIGHTED AVE in computing the required balances: June 1 Balance 800 @ P4.00. Compute the cost of Materials Issued

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Compute the cost of materials issued

Reference no: EM132747647

Reference no: EM132747647

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