Question: please make the write clear because i did not what is written in the last pohoto. Tnx 4. Calculate the Ending inventory from the following

please make the write clear because i did not what is

please make the write clear because i did not what is written in the last pohoto. Tnx

4. Calculate the Ending inventory from the following information using LIFO, SIMPLE AVERAGE methods of Material issues: The details relating to the purchase and sales of Material X is given below. Calculate the Ending inventory and Cost of goods sold for the Material X: OMR 1.200 1.275 1.340 Date 1.1.2014 5.1.2014 7.12014 10.1.2014 12.1.2014 15.1.2014 20.1.2014 PARTICULARS Opening stock of Material X 250 units at Purchased 350 units of Material X at Purchased 425 units of Material X at Sold 800 units Purchased 550 units of Material X at Sold 620 units Sold 120 units 1.425 1.500

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock 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!

In the packing department, a worker stands sideways between the end of a conveyor and pallet. The surface of the conveyor is 40 inches from the floor and the top of the pallet is 6 inches from the...

i want the answer for question 4 please ASSIGNMENT: Answer all the Questions: (5 x 3 = 15 Marks) 1. What are the advantages of computerized accounting? 2. What are the advantages of using...

Application Assignment 3 Chapter 8 LIFO/FIFO/Average Cost under Periodic and Perpetunt Inventory Systems Spelling Company had the following transactions in connection with their Inventory account...

Application Assignment 3 Chapter 8 LIFO/FIFO/Average Cost under Periodio and Perpetual Inventory Systems Speling Company had the following transaction in connection with their inventory account...

Spelling Company had the following transactions in connection with their inventory account during the month of August 8.20 1-Aug 3-Aug 7-Aug 11-Aug 16-Aug 23-Aug PURCHASES Units Unit Cost 640 $ 675...

Baking Company uses an automated process to produce a baking product. For March, the company had the following activities in the pounding department, which is followed by themixing department: Direct...

Application Assignment #3 - Chapter 7 LIFO/FIFO/Average Cost under Periodic and Perpetual Inventory Systems Spelling Company had the following transactions in connection with their inventory account...

I'm in serious need of help in my accounting class (acc205) . I'm falling behind and I need help with this weeks assignment. for week three for the may-june month . can someone please help me ....

hi i need help with this accounting data entry thanks Exercise 5-5 Presented below are transactions related to Bogner Company. 1 . 2 . 3 . On December 3, Bogner Company sold $616,900 of merchandise...

Hi Tutor, Please find the attached document. I think you can choose the company for Coca-Cola, because the company information is everywhere. Page 0 of 42 Your Name Here Your Company Name Here Annual...

Two diamonds begin a free fall from rest from the same height, 1.0 s apart. How long after the first diamond begins to fall will the two diamonds be 10 m apart?

spoce R3 with the Euclideon inner product. Apply the Gron-Schmidt process to transform the bosic vectors 4 = (1, 1, 1), 42 = (0,1,1), 43 = (0,0,1) into on orthogonal bosis [vt, va, v3 }; then...

You just got your dream job and are thinking about your future. You ask your employer to start a 4 0 1 K account and use direct deposit from your check to deposit funds into this account. You are not...

3. If you were an MWEB customer, would you consider MWEBs response to the security breach to be acceptable? Why or why not? BMWEB, launched in 1997, became South Africas leading ISP in 1998. It has...

3. What makes Stuxnet different from other cyberwarfare attacks? How serious a threat is this technology? In July 2010, reports surfaced about a Stuxnet worm that had been targeting Irans nuclear...

1. What technology issues led to the security breach at MWEB? BMWEB, launched in 1997, became South Africas leading ISP in 1998. It has established itself as a company that provides a cutting-edge...