PDA

View Full Version : Assistance


CHARPAT
Apr 11, 2013, 11:30 AM
Can you assist with the solution to the following:

The following transactions took place

Units Unit Cost Total Cost
Opening Balance 100 2.00 200
Receipts – 3 May 400 2.10 840
Issues – 4 May 200
Receipts – 9 May 300 2.12 636
Issues – 11 May 400
Receipts – 18 May 100 2.40 240
Issues – 20 May 200

Calculate the value of all issues and of closing inventory using FIFO, LIFO and AVCO

Curlyben
Apr 11, 2013, 11:53 AM
What do YOU think ?
While we're happy to HELP we won't do all the work for you.
Show us what you have done and where you are having problems..