Q2. The new productive undertaking purchased from time-to-time quantities of commodities used in production of one of its products, the following details are available regarding the stock of materials and its movement during the three-Month period from December, January and February. There was no Opening stock for the month of December. Purchases done on 2 December 200 units @ 12 per unit, 8 December 150 units @14 per unit, 17 December 225 units @13 per unit 25 December 300 units @ 12 per unit and Issues were made on 3rd December 125 units, 15 December 200 units and 30 December 150 units. Stock on 1st January 150 units @OMR 22 per unit On January 4, Purchased 320 units @OMR 30 January 12, Purchased 215 units @OMR 35, January 15, Purchased 200 units @ OMR 40, January 28, Purchased 200 units @OMR 47, January 5, Issued 225 Units, January 14, Issued 190 units,

Q2. The new productive undertaking purchased from time-to-time quantities of commodities used in production of one of its products, the following details are available regarding the stock of materials and its movement during the three-Month period from December, January and February. There was no Opening stock for the month of December. Purchases done on 2 December 200 units @ 12 per unit, 8 December 150 units @14 per unit, 17 December 225 units @13 per unit 25 December 300 units @ 12 per unit and Issues were made on 3rd December 125 units, 15 December 200 units and 30 December 150 units. Stock on 1st January 150 units @OMR 22 per unit On January 4, Purchased 320 units @OMR 30 January 12, Purchased 215 units @OMR 35, January 15, Purchased 200 units @ OMR 40, January 28, Purchased 200 units @OMR 47, January 5, Issued 225 Units, January 14, Issued 190 units,

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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