Interested to Buy Any Domain ? << Click Here >> for more details...
how to calculate process account under fifo and weighte
average method in eqivalent production.
- 2 Answers
- 6089 Views
- I also Faced
- E-Mail Answers
Answer Posted / maheshwari
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 what to issue 150unit of goods then you have to issues 100 unit of Rs. 80 & 50 unit of 70 Rs.
sell 80 100 8000
70 50 3500
& Weighted average method =
cost of available material / Quantity of available material
As above example 2nd purchase cost is calculated as,
We have Cost of available material = 80*100 + 70*100
= 8000 + 7000 = 15000
& Quantity of available material = 100 + 100 = 200
Weighted Average cost = 15000/200
= 75 Rs.
then 2nd purchase cost is calculated = 100 unit @ 75Rs.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Do you know partitioning in accounting?
Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.
HI, i was given only 1st round and i made it through the first round, then was sent for the final HR round.In the HR round the HR manager dint ask me a single question of the related job,all he asked was as following:- i)what are your salary Expectations ii)are you ok to do night shifts.then he thanked me and said he will let me know by 2 days,when i asked him for any feedbacks and suggestions he said that he will let me know only after 2 days.SO please help me what shall i expect from this one of a kind interview. Many thanks in advance.
What are the 4 types of ppe?
What steps would you take before approving an invoice for payment?
What is the use of form D in sale tax
Tell me do you have any idea about service tax or excise?
how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.
hi, this is shanthi kumar(M.Com). i would like to attend interview in genpact company.please send finance interview questions and interview details. thank u very much
what is wct ? who take its benefit? e.g. we are works contractor, we are liable to take its benefit or not..
Mention in simple terms what is the difference between asset, equity, and liabilities?
Do you know executive accounting?
What are assets minus liabilities?
What is a ledger?
HELLO FRIENDS I WANTED TO THAT IS DUPLICATE KEY MAKING CHARGE IS UNDER THE HEAD OF GENERAL EXPENSES
