38-DELL LLC had opening stock of 200 kgs value RO 2000. They purchased 300kgs @ RO 11 and later on they purchased400kgs RO 12. 300kgs were sold. The Value of closing stock as per First In First Out method will bea.RO 7000b.RO 7200c.RO6800d.RO 6700

Introduction: FIFO: FIFO stands for First in First Out. Which means first received inventory to be…

Answered: 38-DELL LLC had opening stock of 200…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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38-DELL LLC had opening stock of 200 kgs value RO 2000. They purchased 300kgs @ RO 11 and later on they purchased 400kgs RO 12. 300kgs were sold. The Value of closing stock as per First In First Out method will bea.RO 7000b.RO 7200c.RO 6800d.RO 6700
38-DELL LLC had opening stock of 200 kgs value RO 2000. They purchased 300kgs @ RO 11 and later on they purchased 400kgs RO 12. 300kgs were sold. The Value of closing stock as per First In First Out method will be a. RO 7000 b. RO 7200 c. RO 6800 d. RO 6700
48- DELL LLC had opening stock of 200 kgs value RO 2000. They purchased 300kgs @ RO 11 and later on they purchased 400kgs RO 12. 300kgs were sold. The Value of closing stock as per First In First Out method will be a. RO 6800 b. RO 7000 c. RO 7200 d. RO 6700
27-FIG LLC had opening stock of 300 kgs value RO 2400. They purchased 200kgs @ RO 9 and later on they purchased 500kgs RO 11. 400kgs were sold. The Value of closing stock Last In First Out method will be a. RO 6750 b. RO 6350 c. RO 5300 d. RO 6400
30- FIG LLC had opening stock of 300 kgs value RO 2400. They purchased 200kgs @ RO 9 and later on they purchased 500kgs RO 11. 400kgs were sold. The Value of closing stock Last In First Out method will be a. RO 5300 b. RO 6350 c. RO 6400 d. RO 6750
15-KITE LLC had opening stock of 500 kgs value RO 2500. They purchased 600kgs @ RO 6 and later on they purchased 400kgs RO 7. 800kgs were sold. The Value of closing stock as per average price method will be a. RO 4200 b. RO 3200 c. RO 4800 d. RO 5600
46- Luck LLC had opening stock of 1000 units value RO 5000. They purchased 2000 units @ RO 6 and later on they purchased 2500untis @ RO 7. 3000untis were sold. The Value of closing stock as per weighted average price method will be a. RO 15500 b. RO 18810 c. RO 18600 d. RO 15675
KITE LLC had opening stock of 500 kgs value RO 2500. They purchased 600kgs @ RO 6 and later on they purchased 400kgs RO 7. 800kgs were sold. The Value of closing stock as per average price method will be a. RO 3200 b. RO 5600 c. RO 4200 d. RO 4800
KITE LLC had opening stock of 500 kgs value RO 2500. They purchased 600kgs @ RO 6 and later on they purchased 400kgs RO 7. 800kgs were sold. The Value of closing stock as per average price method will be
Luck LLC had opening stock of 1000 units value RO 5000. They purchased 2000 units @ RO 6 and later on they purchased 2500untis @ RO 7. 3000untis were sold. The Value of closing stock as per weighted average price method will be
This problem has 2 questions. AAA Company had the following transactions in the ordinary shares of BBB Company: January 5 Bought 4,000 ordinary shares, P100 par, at P88. June 15 Received 10% bonus issue. August 31 Received P4 cash dividend for each ordinary share. October 10 Received stock rights to buy one new share at P100 for every 5 shares held. Market value of stock ex-right, P156. November 15 Sold all stock rights at P4 per right. What is the gain or loss on the sale of stock rights? a. 31,680 b. 0 c. (33,280) d. 17,600 Assuming AAA Company exercised its rights to buy new shares, what is the cost of the new investment? a. 124,800 b. 88,000 c. 186,560 d. 137,280 Just the solving and the answer. Thank you
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38-DELL LLC had opening stock of 200 kgs value RO 2000. They purchased 300kgs @ RO 11 and later on they purchased 400kgs RO 12. 300kgs were sold. The Value of closing stock as per First In First Out method will bea.RO 7000b.RO 7200c.RO 6800d.BO 6700