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 _______________.

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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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