CAT 1 AND 2
ATTEMPT ALL THE QUESTIONS
Cost Accounting Questions.
(3 ) Stores plc record the following stock movements of a new stock item called Probon:
Stores plc records the following stock movements of a new stock item called Probon:
Receipts (units) Issues (units)
02 April 2400 at £8 each
06 April 3600 at £9 each
12 April 4000 at £10 each 17 April 7000
24 April 4000 at £10.50 each 27 April 5000
There was no opening stock.
Prepare new stock cards for stock item Probon – showing the value of each of the two issues and the value of closing stock using FIFO stock pricing/valuation methods:
CAT 1 AND 2 ATTEMPT ALL THE QUESTIONS Cost Accounting Questions. (3 ) Stores plc record...