how to calculate process account under fifo and weighte
average method in eqivalent production.
Answer Posted / genius
FIFO method means first in first out -
example purchase:- Rate of inventory . Unit Amount
1st purchase 80 100 8000
2nd purchase 70 100 7000
so when you issue good
sell 80 150 12000
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
what is opening stock formula?
cheque deposit is a contra entry?
Why is accuracy important in accounting?
Explain me where a cash discount should be recorded in journal entry?
how in the big companies the budget are prepared and controlled?
the selling price of a prouduct of vintex limited inclusive of basic excise duty 16% and education cess 2% and SAH cess 1% is rs 3002. find the assessable unit of prouduct?
have you ever been involved in an invoice dispute? How did you manage the problem?
in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?
Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same
List of Indian accounting standards and international financial reporting standards
export sales contract and domestic sales contract? india's trade in commercial services?
What is depreciation and how many types are there. Please give details?
how many types excise audits and when they are applicable to firm
Definition of push down accounting
The claim recoverable has been settled with the insurance company for 2000.what is the actual stock lost value? Please give me in calculation.