Question: Compute for the cost of materials issued using Moving Average method * A. The Love & Kisses, Inc., made the following material purchases and

Compute for the cost of materials issued using Moving Average method *

Compute for the cost of materials issued using Moving Average method * A. The Love & Kisses, Inc., made the following material purchases and issuances during November Nov 1 Add file: 1 Inventory 10,000 units at P 2.00 6 Purchased 6,000 units at P 2.80 10 Purchased 4,000 units at P 3.00 16 Issued 12,000 units 25 Purchased 3,000 units at P 3.10 28 Issued 7,000 units Compute for the reorder point * B. The Bokbok Company has the following information pertains to Material A Daily usage in units Normal lead time in working days Safety Stocks 1 Add file Compute for the EOQ * C. The Tiktiklaok Corp. uses 10,000 units of Material XYZ in making a finished product. The cost to place an order for Material XYZ is P 4.00 and the annual cost to carry one Material XYZ is P 2.00 1 Add file Compute for the total ordering cost * 150 25 850 C. The Tiktiklaok Corp. uses 10,000 units of Material XYZ in making a finished product. The cost to place an order for Material XYZ is P 4.00 and the annual cost to carry one Material XYZ is P 2.00 1 Add file Compute for the total carrying cost * C. The Tiktiklaok Corp. uses 10,000 units of Material XYZ in making a finished product. The cost to place an order for Material XYZ is P 4.00 and the annual cost to carry one Material XYZ is P 2.00

Step by Step Solution

3.54 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

A Cost of Materials Issued using Moving Average Method Lets calculate the moving average cost per un... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!