how to calculate process account under fifo and weighte
average method in eqivalent production.
- 2 Answers
- 5060 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / maheshwari
FIFO method means first in first out -
example purchase:- Rate of inventory . Unit Amount
1st purchase 80 100 8000
2nd purchase 70 100 7000
so when you what to issue 150unit of goods then you have to issues 100 unit of Rs. 80 & 50 unit of 70 Rs.
sell 80 100 8000
70 50 3500
& Weighted average method =
cost of available material / Quantity of available material
As above example 2nd purchase cost is calculated as,
We have Cost of available material = 80*100 + 70*100
= 8000 + 7000 = 15000
& Quantity of available material = 100 + 100 = 200
Weighted Average cost = 15000/200
= 75 Rs.
then 2nd purchase cost is calculated = 100 unit @ 75Rs.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / genius
FIFO method means first in first out -
example purchase:- Rate of inventory . Unit Amount
1st purchase 80 100 8000
2nd purchase 70 100 7000
so when you issue good
sell 80 150 12000
| Is This Answer Correct ? | 0 Yes | 1 No |
Company A has purchased goods worth Rs. 25000 from company B and made the cash payment of Rs 5000 and remaining will be payable with in 30 days. Assume that there is a late payment charge @ 2% on remaining amount as the invoice was received after due date from company B. Pass the journal entry in the books of company A for all the above transactions.
Let me know the liability positions of Partners
List out the stages of double entry system?
how to do asset appreciation in sap?
Difference between Provisions and reserves
Discount on issue of debentures is a __________ (a) Revenue loss to be charged in the year of issue (b) Capital loss to be written off from capital reserve (c) Capital loss to be written off over the tenure of the debentures (d) Capital loss to be shown as goodwill
IF ONE SUB CONTRACTOR GIVE US BILL OF RS.120000 FOR APRIL,RS.110000 FOR MAY & RS.180000 FOR JUNE WITH LABOUR CHARGES INCLUDING VAT @12.5%.HOW MUCH AMOUNT SHOULD WE DEDUCTED AS A WCT TAX?
tell about "E1" form
Who has to prepare credit note and debit note? whether the account department or the concerned department like, purchase department, sales department.
Original cost = Rs 1,26,000. Salvage value = 6,000. Useful Life = 6 years. Annual depreciation under SLM will be (a) Rs.21,000 (b) Rs.20,000 (c) Rs.15,000 (d) Rs.14,000
i have 100 rupees. how i can divide in 21 note who is equal to 100 rupees??
5 Answers Klash Private Limited,
Derivative
Audit 
