The following transactions of Berain Manufacturers, that uses the perpetual inventory system, took place during February 2024 in respect of a part used in production: Feb 01 08 15 16 17 26 Stock on hand Issued to production Purchased from supplier Issued to production Returned to supplier (purchased on 15 February 2024) Issued to production 600 units @ R34 per unit 420 units 1800 units @ R35.50 per unit 700 units 120 units 800 units

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following transactions of Berain Manufacturers, that uses the perpetual inventory system, took place during February
2024 in respect of a part used in production:
Feb
01
08
15
16
17
26
Stock on hand
Issued to production
Purchased from supplier
Issued to production
Returned to supplier (purchased on 15 February 2024)
Issued to production
600 units @ R34 per unit
420 units
1800 units @ R35.50 per unit
700 units
120 units
800 units
Transcribed Image Text:The following transactions of Berain Manufacturers, that uses the perpetual inventory system, took place during February 2024 in respect of a part used in production: Feb 01 08 15 16 17 26 Stock on hand Issued to production Purchased from supplier Issued to production Returned to supplier (purchased on 15 February 2024) Issued to production 600 units @ R34 per unit 420 units 1800 units @ R35.50 per unit 700 units 120 units 800 units
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