chp#4 iventory valution
DESCRIPTION
CMATRANSCRIPT
INVENTORIES
Q-1:The following transactions took place during the month of January 20144in DCM Limited:Jan 1 Opening Stock 500 units @ Rs 35 Jan 15 Purchases 1,200 units @ Rs 34
Jan 5 Purchases 1,000 units @ Rs 38 Jan 18 issued 1,000 units
Jan 7 issued 300 units Jan 23 Purchases 900 units @ Rs 30
Jan 12 issued 800 units Jan 28 issued 1,200 units
Calculate the value of closing stock based on FIFO & Avg method.
Date 2014
Purchases Sales Balance
Quantity Rate Value (Rs) Quantity Rate Value (Rs) Quantity Rate Value (Rs)
Date 2014
Purchases Sales Balance
Quantity Rate Value (Rs) Quantity Rate Value (Rs) Quantity Rate Value (Rs)
