Boriales Company provided the following transactions relating to its raw materials inventory during the month ofSeptemberSeptParticularsQuantityUnit Cost (P)Total (P)1.Beginning BalanceReceived from SupplierIssued for productionReceived from supplierIssued for productionReceived from productionReturned.to supplier (from thosereceived on Sept 21")Issued for production300123.200139.1501630014183502130015223023400Returned to storeroom (from thoseissued on Sept 18")Issued to productionReceived from supplier2420265028200162. Determine the value of ending inventory and materials used under Moving Average Method*use the following heading in an Stock Ledger Card for FIFO Method and Moving Average MethodReceivedIssuedBalanceDatePRQtyUnitAmountMRQtyUnitAmountQtyUnitAmountNo.CostNoCostcost

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Boriales Company provided the following transactions relating to its raw materials inventory during the month of September Sept Particulars Quantity Unit Cost (P) Total (P) Beginning Balance Received from Supplier Issued for production Received from supplier Issued for production Received from production Returned.to supplier (from those received on Sept 21") Issued for production Returned to storeroom (from those issued on Sept 18h) Issued to production Received from supplier 1. 300 12 3. 200 13 9. 150 16 300 14 18 350 21 300 15 22 30 23 400 24 20 26 50 28 200 16 2. Determine the value of ending inventory and materials used under Moving Average Method Ina *use the following heading in an Stock Ledger Card for FIFO Method and Moving Average Method Received Issued Balance Date PR Qty Unit Amount MR Qty Unit Amount Qty Unit Amount No. Cost No Cost cost

Boriales Company provided the following transactions relating to its raw materials inventory during the month of September Sept Particulars Quantity Unit Cost (P) Total (P) Beginning Balance Received from Supplier Issued for production Received from supplier Issued for production Received from production Returned.to supplier (from those received on Sept 21") Issued for production Returned to storeroom (from those issued on Sept 18h) Issued to production Received from supplier 1. 300 12 3. 200 13 9. 150 16 300 14 18 350 21 300 15 22 30 23 400 24 20 26 50 28 200 16 2. Determine the value of ending inventory and materials used under Moving Average Method Ina *use the following heading in an Stock Ledger Card for FIFO Method and Moving Average Method Received Issued Balance Date PR Qty Unit Amount MR Qty Unit Amount Qty Unit Amount No. Cost No Cost cost

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter2: Accounting For Materials

Section: Chapter Questions

Problem 6P: Inventory costing methods The following transactions affecting materials occurred in February:...

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