In 20XX, the following transactions took place in the company Alfa: 1 2 Trade goods were...

  

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In 20XX, the following transactions took place in the company Alfa: 1 2 Trade goods were purchased. Payment at a later date. Trade goods were purchased. Payment at a later date. Company sold 50% of warehouse stock. Payment at a later date. 3 4 Company issued from the warehouse sold goods. 5. Trade goods were purchased. Payment at a later date. Task: a) Post operations on T-accounts if company use Average price - perpetual system. b) Calculate closing balance on goods account (Average price - perpetual system).. c) Post operations on T-accounts if company use Fifo - periodic system. d) Calculate closing balance on goods account (Fifo - periodic system). 200 pcs; 20 PLN/pcs 100 pcs; 25 PLN/pcs Price 40 PLN/pcs 400 pcs; 30 PLN/pcs In 20XX, the following transactions took place in the company Alfa: 1 2 Trade goods were purchased. Payment at a later date. Trade goods were purchased. Payment at a later date. Company sold 50% of warehouse stock. Payment at a later date. 3 4 Company issued from the warehouse sold goods. 5. Trade goods were purchased. Payment at a later date. Task: a) Post operations on T-accounts if company use Average price - perpetual system. b) Calculate closing balance on goods account (Average price - perpetual system).. c) Post operations on T-accounts if company use Fifo - periodic system. d) Calculate closing balance on goods account (Fifo - periodic system). 200 pcs; 20 PLN/pcs 100 pcs; 25 PLN/pcs Price 40 PLN/pcs 400 pcs; 30 PLN/pcs

Answer rating: 100% (QA)

a Calculation of Weighted Average Price per unit Total Cost ... View the full answer