1.Closing Inventory consists of 1,100 units. What would be the cost of Closing Inventory under FIFO and LIFO methods? Opening Inventory 1000 units @ $ 10 $ 10,000 Purchase (1) 800 units @ $ 11 $ 8,800 Purchase (2) 500 units @ $ 14 $ 7,000 Purchase (3) 400 units @ $ 12 $ 4,800 Purchase (4) 300 units @ $ 13 $ 3,900 ------------ ----------- Totals 3000 units $ 34,500 ======= ======

1 Answers  

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What will be the general entry for purchase return? What will be the general entry for sales return?

3 Answers   Redington,

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what is basic general accounting.

0 Answers   Genpact, Helios Pharmaceuticals,

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1 Answers   Genpact, Jenpac,

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When a merchant sales of goods included/charged on packaging charges ,cartages and insurance;i.E :-Indirect income/revenue income and indirect expense/revenue expenditure. Plz suggeste me correct answer.Through messages,mail .

0 Answers   CA,

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Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?

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credit card expenses entry kisme pass karenge

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What is the entry for bank guarantee,

7 Answers   Karadi Path, Levtech Consulting,

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come will open bank account... what journal will come...

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what are the limitations of accounting ratios?

0 Answers  

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