QUESTIONS FOUR The following information was provided by Dzemkple Limited for the two weeks month of August, 2018 for material Zorklaley Stock on 01/08/2018 100 units @ GHc 5 per unit DATE PURCHASES DATE ISSUES 05/08/2018 300 units @ GHc 6 per unit 06/08/2018 250 units 08/08/2018 500 units @ GHc 7 per unit 10/08/2018 400 units 12/08/2018 600 units @ GHc 8 per unit 14/08/2018 500 units You are required to calculate using FIFO and Weighted Average methods of pricing issues: (a) The value of materials consumed during the period (b) The value of stock of materials on the 31/08/2018

QUESTIONS FOUR The following information was provided by Dzemkple Limited for the two weeks month of August, 2018 for material Zorklaley Stock on 01/08/2018 100 units @ GHc 5 per unit DATE PURCHASES DATE ISSUES 05/08/2018 300 units @ GHc 6 per unit 06/08/2018 250 units 08/08/2018 500 units @ GHc 7 per unit 10/08/2018 400 units 12/08/2018 600 units @ GHc 8 per unit 14/08/2018 500 units You are required to calculate using FIFO and Weighted Average methods of pricing issues: (a) The value of materials consumed during the period (b) The value of stock of materials on the 31/08/2018

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 4CE: Refer to Cornerstone Exercises 2.2 and 2.3. Next year, Pietro expects to produce 50,000 units and...

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