Example: - The following data is related to the movement of Article (Y) that took place during the month of August 2016 1- 1/8 The balance was in an amount of (400) units, and the price was (400) dinars per unit, according to the receipt document numbered 220. 93 Technical Institute in Basra / second grade inventory accounting 2- 8/5 A quantity of (1000) units was received for the warehouse at a price of 150 dinars according to the receipt document 229 3- 8/19 The production quantity of (300) units was disbursed according to the issuance document No. 136 4- 8/24, a quantity of production (500) units was disbursed according to the issuance document No. 140. 5- 8/26 The warehouse received a quantity of (800) units, at a price of (500) dinars per unit, according to the receipt document No. 235. Required: - 1- Pricing the materials dispensed from stores on the basis of the fixed flat price method, which was 100 dinars per unit? ۔ Calculate the cost of commodity stock at the end of the period *
Example: - The following data is related to the movement of Article (Y) that took place during the month of August 2016 1- 1/8 The balance was in an amount of (400) units, and the price was (400) dinars per unit, according to the receipt document numbered 220. 93 Technical Institute in Basra / second grade inventory accounting 2- 8/5 A quantity of (1000) units was received for the warehouse at a price of 150 dinars according to the receipt document 229 3- 8/19 The production quantity of (300) units was disbursed according to the issuance document No. 136 4- 8/24, a quantity of production (500) units was disbursed according to the issuance document No. 140. 5- 8/26 The warehouse received a quantity of (800) units, at a price of (500) dinars per unit, according to the receipt document No. 235. Required: - 1- Pricing the materials dispensed from stores on the basis of the fixed flat price method, which was 100 dinars per unit? ۔ Calculate the cost of commodity stock at the end of the period *
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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- Example: - The following data is related to the movement of Article (Y) that took place during the month of August 2016
1-
1/8 The balance was in an amount of (400) units, and the price was (400) dinars per unit, according to the receipt document numbered 220.
93
Technical Institute in Basra / second grade inventory accounting
2-
8/5 A quantity of (1000) units was received for the warehouse at a price of 150 dinars according to the receipt document 229
3-
8/19 The production quantity of (300) units was disbursed according to the issuance document No. 136
4-
8/24, a quantity of production (500) units was disbursed according to the issuance document No. 140.
5-
8/26 The warehouse received a quantity of (800) units, at a price of (500) dinars per unit, according to the receipt document No. 235.
Required: - 1- Pricing the materials dispensed from stores on the basis of the fixed flat price method, which was 100 dinars per unit?
۔ Calculate the cost of commodity stock at the end of the period *
- Example: - The following data is related to the movement of Article (Y) that took place during the month of August 2016
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