Questions 40 and 41 are based on the following information: RYX Company had the following purchases and issues during June 2011: June 1 Beg. Balance: 750 units @ P20 3 Purchased 400 units @ P19.50 4 Issued 600 units 10 Purchased 350 units @P21.50 15 Issued 500 units 18 Purchased 500 units @ P22 22 Issued 400 units 26 Purchased 550 units @ P21 27 Issued 650 units 31 Purchased 200 units @ P20 Using FIFO – periodic method, the raw materials issued to production amounts to _______________.
Questions 40 and 41 are based on the following information: RYX Company had the following purchases and issues during June 2011: June 1 Beg. Balance: 750 units @ P20 3 Purchased 400 units @ P19.50 4 Issued 600 units 10 Purchased 350 units @P21.50 15 Issued 500 units 18 Purchased 500 units @ P22 22 Issued 400 units 26 Purchased 550 units @ P21 27 Issued 650 units 31 Purchased 200 units @ P20 Using FIFO – periodic method, the raw materials issued to production amounts to _______________.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Questions 40 and 41 are based on the following information:
RYX Company had the following purchases and issues during June 2011:
June 1 Beg. Balance: 750 units @ P20
3 Purchased 400 units @ P19.50
4 Issued 600 units
10 Purchased 350 units @P21.50
15 Issued 500 units
18 Purchased 500 units @ P22
22 Issued 400 units
26 Purchased 550 units @ P21
27 Issued 650 units
31 Purchased 200 units @ P20
Using FIFO – periodic method, the raw materials issued to production amounts to _______________.
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