Problem 2. FAB Manufacturing Company had the following purchases and usageof materials X for the month of August:UnitsUnit CostInventory, 8/15,000P2.00Purchases:8/72.502.306,0008,0009,00010,00010,000122.2515222.40292.35Issuance:8/79,0009,0009,0009,000142128Required: Compute for raw materials usage and inventory using FIFO periodic.

Answered: Image /qna-images/answer/66923c7b-d45d-4ba4-817f-167316d05a4a.jpg

Problem 2. FAB Manufacturing Company had the following purchases and usage of materials X for the month of August: Unit Cost P2.00 Units Inventory, 8/1 5,000 Purchases: 8/7 12 6,000 8,000 9,000 10,000 10,000 2.50 2.30 2.25 2.40 2.35 15 22 29 Issuance: 8/7 14 9,000 9,000 9,000 9,000 21 28 Required: Compute for raw materials usage and inventory using FIFO periodic.

Problem 2. FAB Manufacturing Company had the following purchases and usage of materials X for the month of August: Unit Cost P2.00 Units Inventory, 8/1 5,000 Purchases: 8/7 12 6,000 8,000 9,000 10,000 10,000 2.50 2.30 2.25 2.40 2.35 15 22 29 Issuance: 8/7 14 9,000 9,000 9,000 9,000 21 28 Required: Compute for raw materials usage and inventory using FIFO periodic.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 6BE: Cost of goods sold Pine Creek Company completed 200,000 units during the year at a cost of...

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