Solved: Stores ledge card for item x005 for april 2012 under lifo, Cost Accounting

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Stores ledge card for item x005 for april 2012 under lifo

The following information relates to item X005 stocked by Gitoro Lt for the month of April 2012

DATE RECEIPTS ISSUES UNITS Units Units Shs. 3 2400 18 4 3200 6 2600 20 12 2700 14 3000 22 18 2800 21 20 2200 22 2600 23 25 3800 26 3100 24 27 2500 25 28 3200 26 29 6900

The closing balance for March 2012 was a batch of 3,000 units received at a price of sh.

Required: (a) Stores ledge card for item X005 for April 2012 under LIFO method. (b) Closing stock valuation.

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Cost Accounting: Stores ledge card for item x005 for april 2012 under lifo

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Cost Accounting: Stores ledge card for item x005 for april 2012 under lifo

Reference No:- TGS02525653

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