Boriales Company provided the following transactions relating to its raw materials inventory during the month of September Sept Particulars Quantity Unit Cost (P) Total (P) Beginning Balance Received from Supplier Issued for production Received from supplier Issued for production Received from production Returned.to supplier (from those received on Sept 21") Issued for production Returned to storeroom (from those issued on Sept 18h) Issued to production Received from supplier 1. 300 12 3. 200 13 9. 150 16 300 14 18 350 21 300 15 22 30 23 400 24 20 26 50 28 200 16 2. Determine the value of ending inventory and materials used under Moving Average Method Ina *use the following heading in an Stock Ledger Card for FIFO Method and Moving Average Method Received Issued Balance Date PR Qty Unit Amount MR Qty Unit Amount Qty Unit Amount No. Cost No Cost cost
Boriales Company provided the following transactions relating to its raw materials inventory during the month of September Sept Particulars Quantity Unit Cost (P) Total (P) Beginning Balance Received from Supplier Issued for production Received from supplier Issued for production Received from production Returned.to supplier (from those received on Sept 21") Issued for production Returned to storeroom (from those issued on Sept 18h) Issued to production Received from supplier 1. 300 12 3. 200 13 9. 150 16 300 14 18 350 21 300 15 22 30 23 400 24 20 26 50 28 200 16 2. Determine the value of ending inventory and materials used under Moving Average Method Ina *use the following heading in an Stock Ledger Card for FIFO Method and Moving Average Method Received Issued Balance Date PR Qty Unit Amount MR Qty Unit Amount Qty Unit Amount No. Cost No Cost cost
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter2: Accounting For Materials
Section: Chapter Questions
Problem 6P: Inventory costing methods The following transactions affecting materials occurred in February:...
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