The following transactions of Sirta Designs took place during August 2018 in respect of kitchen stools: Date
Fantastic news! We've Found the answer you've been seeking!
Question:
The following transactions of Sirta Designs took place during August 2018 in respect of kitchen stools:
Date | Details | Units | Unit cost |
01 | Opening inventory | 5 | R50 |
07 | Production | 10 | R60 |
19 | Production | 25 | R72 |
23 | Production | 13 | R80 |
29 | Production | 7 | R90 |
By 31 August 2018, Rose Design had sold 50 stools.
required:
calculate the value of closing inventory, using the following inventory valuation techniques:
1. weighted average cost
2. first in, first out
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date: