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Find cost of materials issued

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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 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

Problem 1: Using FIFO, How much is the total material cost available for use in production?

Problem 2: Using FIFO method of costing materials, how much is the cost of ending inventory for August?

Problem 3: Using FIFO, How much is the cost of materials issued or used for production?

Problem 4: using moving average, compute for Cost of ending inventory (use WAUC with 4 decimal places, but round off final answer for ending inventory to two decimal places)

Problem 5: Cost of materials issued (use WAUC with 4 decimal places, but round off final answer for issued inventory to two decimal places)

Problem 6: Weighted average unit cost (Round off to 4 decimal places)

Problem 7: Cost of materials issued (use WAUC with 4 decimal places, but round off final answer for issued inventory to two decimal places)

Problem 8: Cost of ending inventory (use WAUC with 4 decimal places, but round off final answer for ending inventory to two decimal places)

Reference no: EM132749801

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