QUESTIONS FOUR The following information was provided by Dzemkple Limited for the two weeks month of August, 2018 for material Zorklaley Stock on 01/08/2018 100 units @ GHc 5 per unit DATE PURCHASES DATE ISSUES 05/08/2018 300 units @ GHc 6 per unit 06/08/2018 250 units 08/08/2018 500 units @ GHc 7 per unit 10/08/2018 400 units 12/08/2018 600 units @ GHc 8 per unit 14/08/2018 500 units You are required to calculate using FIFO and Weighted Average methods of pricing issues: (a) The value of materials consumed during the period (b) The value of stock of materials on the 31/08/2018
QUESTIONS FOUR The following information was provided by Dzemkple Limited for the two weeks month of August, 2018 for material Zorklaley Stock on 01/08/2018 100 units @ GHc 5 per unit DATE PURCHASES DATE ISSUES 05/08/2018 300 units @ GHc 6 per unit 06/08/2018 250 units 08/08/2018 500 units @ GHc 7 per unit 10/08/2018 400 units 12/08/2018 600 units @ GHc 8 per unit 14/08/2018 500 units You are required to calculate using FIFO and Weighted Average methods of pricing issues: (a) The value of materials consumed during the period (b) The value of stock of materials on the 31/08/2018
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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QUESTIONS FOUR
The following information was provided by Dzemkple Limited for the two weeks month of
August, 2018 for material Zorklaley
Stock on 01/08/2018 100 units @ GHc 5 per unit
DATE PURCHASES DATE ISSUES
05/08/2018 300 units @ GHc 6 per unit 06/08/2018 250 units
08/08/2018 500 units @ GHc 7 per unit 10/08/2018 400 units
12/08/2018 600 units @ GHc 8 per unit 14/08/2018 500 units
You are required to calculate using FIFO and Weighted Average methods of pricing issues:
(a) The value of materials consumed during the period
(b) The value of stock of materials on the 31/08/2018
Transcribed Image Text:QUESTIONS FOUR
The following information was provided by Dzemkple Limited for the two weeks month of
August, 2018 for material Zorklaley
Stock on 01/08/2018 100 units @ GHe 5 per unit
DATE
PURCHASES
DATE
ISSUES
05/08/2018 300 units @ GHc 6 per unit
06/08/2018
250 units
08/08/2018 500 units @ GHc 7 per unit
10/08/2018
400 units
12/08/2018
600 units @ GHc 8 per unit
14/08/2018
500 units
You are required to calculate using FIFO and Weighted Average methods of pricing issues:
(a) The value of materials consumed during the period
(b) The value of stock of materials on the 31/08/2018
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