Solution-Enter these transactions onto the stock ledge card

Enter these transactions onto the stock ledge card

Assignment Help Cost Accounting

Reference no: EM133000582

QUESTION - Toys Limited uses the perpetual inventory system for measuring material issues from stores to production.

Opening balance: 850 units @R8.8 each on 3 May 20X1

Purchases 3 750 units @9.28 each on 4 May 20X1

Sold 1 700 units on 10 May 20X1

Purchase 4 800 units @R10.20 each on 17 May 20X1

Sold 3 000 units on 18 May 20X1

Return to supplier 800 units of units purchased 17 May 20X1 on 19 May 20X1

Receive 800 units back in the store on 21 May 20X1

Required - Enter these transactions onto the stock ledge card using the WA method.

Reference no: EM133000582

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Enter these transactions onto the stock ledge card

Reference no: EM133000582

Reference no: EM133000582

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Cost Accounting Questions & Answers

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