Prepare a stock card using the following information A company is registered for GST which it...
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Prepare a stock card using the following information A company is registered for GST which it pays quarterly, assume GST was last paid on the 30th of June 2019. It uses weighted average cost allocation method and the perpetual inventory recording method Additional information Cost of opening inventory items per unit is $20 Selling price per unit GST inclusive is $55 All inventory cost per unit includes GST TRANSECTIONS FOR THE MONTH Opening balance is $10 720.00 2 July sale on credit 79 units S July sale on credit 70 units 7 July purchased inventory on credit 22 units for $27 11 July sale on credit 66 units 14 July purchased inventory on credit 29 units for $25 18 July sale on credit 75 units 20 July purchased inventory on credit 21 units for $27 22 July sales on credit 63 units 24 July purchased inventory on credit 23 units for $ 24 29 July sale on credit 57 units 30 July purchased inventory on credit 27 units for $26 Prepare a stock card using the following information A company is registered for GST which it pays quarterly, assume GST was last paid on the 30th of June 2019. It uses weighted average cost allocation method and the perpetual inventory recording method Additional information Cost of opening inventory items per unit is $20 Selling price per unit GST inclusive is $55 All inventory cost per unit includes GST TRANSECTIONS FOR THE MONTH Opening balance is $10 720.00 2 July sale on credit 79 units S July sale on credit 70 units 7 July purchased inventory on credit 22 units for $27 11 July sale on credit 66 units 14 July purchased inventory on credit 29 units for $25 18 July sale on credit 75 units 20 July purchased inventory on credit 21 units for $27 22 July sales on credit 63 units 24 July purchased inventory on credit 23 units for $ 24 29 July sale on credit 57 units 30 July purchased inventory on credit 27 units for $26
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Stock card for the month of July Particulars Amount Per ... View the full answer
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Posted Date:
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