The company "ALPHA" started operations on 01/06/202X. The transactions of buying and selling inventories are shown in the table below: You are asked (a) to display your inventory account statement based on the methods of: FIFO, Weighted average price, with continuous inventory (b) analyze the impact of each method on the balance sheet (statement of financial position) and profit and loss statement figures. 01/06/202X Initial inventory 400 units 0,80€ 09/07/202X Market 1600 0,83€ 10/08/202X Sale- export 1800     21/09/202X Market 1500 0,84€ 25/10/202X Sale – export 1500   29/11/202X Market 1300 0,85€ 20/12/202X Sale-export 1100

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.