Page 79 - Microsoft Word - 00 ACCA F2 Prelims.docx
P. 79
Accounting for materials
4.1 In, first out
Date Receipts Issues Balance
Qty Per Value Qty Per Value Qty Value
unit unit
01/08 150 $150
03/08 200 $1.20 $240 350 $390
09/08 150 $1.00 $150 100 $120
100 $1.20 $120
–––– –––– ––––
250 $1.08 $270
13/08 250 $1.30 $325 350 $445
16/08 100 $1.20 $120 150 $195
100 $1.30 $130
–––– –––– ––––
200 $1.25 $250
73
