Could you help me to complete the classified statement of Financial Position? Attention that you need to use FIFO_perpetual inventory system, thank you.
with all the available data , following table and cost of goods sold can be concluded as
Details as of bank balances is not available as such , interest expense can not be calculated
Quince Seeds | |||||||||||
Purchased | Issued | Balance | |||||||||
Date | Particulars | Qty | Rate | Amount | Qty | Rate | Amount | Qty | Rate | Amount | |
Opening Balance | 15 | $ 2.00 | 30.00 | ||||||||
2-Jun | Purchase from Waterhouse Ltd | 15 | $ 2.42 | 36.30 | 15 | $ 2.00 | 30.00 | ||||
15 | $ 2.42 | 36.30 | |||||||||
5-Jun | Sale to Tinas Nursery | 15.00 | 2.00 | 30 | 15 | $ 2.42 | 36.30 | ||||
Sunflower Seeds | |||||||||||
Purchased | Issued | Balance | |||||||||
Date | Particulars | Qty | Rate | Amount | Qty | Rate | Amount | Qty | Rate | Amount | |
Opening Balance | 40 | $ 1.80 | 72.00 | ||||||||
2-Jun | Purchase from Waterhouse Ltd | 5 | $ 2.20 | 11.00 | 40 | $ 1.80 | 72.00 | ||||
5 | $ 2.20 | 11.00 | |||||||||
7-Jun | Sale to Seed World | 20 | $ 1.80 | 36.00 | 20 | $ 1.80 | $ 36.00 | ||||
5 | $ 2.20 | 11.00 | |||||||||
22-Jun | Sale in Store | 20 | $ 1.80 | $ 36.00 | 5 | $ 2.20 | 11.00 | ||||
Pumpkin Seeds | |||||||||||
Purchased | Issued | Balance | |||||||||
Date | Particulars | Qty | Rate | Amount | Qty | Rate | Amount | Qty | Rate | Amount | |
Opening Balance | 15 | $ 3.30 | 49.50 | ||||||||
13-Jun | Purchase | 15 | $ 4.40 | 66.00 | 15 | $ 3.30 | 49.50 | ||||
15 | $ 4.40 | 66.00 | |||||||||
22-Jun | Sale in Store | 10 | $ 3.30 | $ 33.00 | 5 | $ 3.30 | 16.50 | ||||
15 | $ 4.40 | 66.00 | |||||||||
Cost of Goods Sold: | Quantity | Rate | Amount | ||||||||
Quince Seeds | 15.00 | $ 2.00 | $ 30.00 | ||||||||
Sun flower Seeds | 40 | $ 1.80 | $ 72.00 | ||||||||
Pumpkin Seeds | 10 | $ 3.30 | $ 33.00 | ||||||||
Total | $ 135.00 | ||||||||||
Net Sales: | Quantity | Rate | Amount | ||||||||
Quince Seeds | 15 | 4.4 | $ 66.00 | ||||||||
Sun flower Seeds | 20 | 3.00 | $ 60.00 | ||||||||
20 | 4.95 | $ 99.00 | |||||||||
Pumpkin Seeds | 10 | 5.5 | $ 55.00 | ||||||||
Total | $ 280.00 | ||||||||||
Could you help me to complete the classified statement of Financial Position? Attention that you need to use FIFO_perpetual inventory system, thank you. ASSIGNMENT GROUP 2: Information to process Jun...
Pls I need help on this question because tomorrow is the deadline.. WRITTEN ASSIGNMENT 3D PrintHub Ltd, is a one stop shop for 3D prints and consumables in Southern Africa. The following is an extract of the trial balance of 3D PrintHub Ltd at 30 June 2019: Additional Drl(Cr) R information Revenue (2 050 000) Cost of sales 1 150 000 Administration building at cost 1 200 000 1.1 31 1.1 1.2 Accumulated depreciation of administration building (120 000) Equipment:...