The following particulars have been extracted in respect of a material. Prepare the stores ledger account showing the receipts and issues, pricing the materials issued on the basis of (a) Simple average (b) Weighted average. 1994 Quantity (Kg.) Rate Per Kg. ($) Jan 2 Received 2,000 10 6 Received 300 12
The following particulars have been extracted in respect of a material. Prepare the stores ledger account showing the receipts and issues, pricing the materials issued on the basis of (a) Simple average (b) Weighted average. 1994 Quantity (Kg.) Rate Per Kg. ($) Jan 2 Received 2,000 10 6 Received 300 12
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 4RE: Refer to RE6-3. Assume Long records accounts receivable and sales using the net price method....
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