Stock evaluation

Dear students,

Sorry for the late posting. But below as promised, hahahaha!

The following information relates to the material purchases and issues for the month of May 2019;

May 2019
5	Issued to production	100kgs
10	Purchased	300kgs at RM6.80 per kg
15	Issued to production	250kgs
18	Purchased	100kgs at RM7.00 per kg
20	Issued to production	120kgs
22	Issued to production	80kgs
25	Purchased	100kgs at RM7.40 per kg

The balance of raw material on 1 May 2019 consists of 50kg at a price of RM6.50 per kg which were bought in April 2019 and another 100kg was purchased on March 2019 at a price of RM6.00 per kg. 

Required;

Prepare a Store Ledger Card to record the above transaction in May, using First-in First-out (FIFO), Last-in First-out (LIFO) and Weighted average method.

See you tomorrow guys!!

Absorption and Marginal Costing - Unit cost and Income Statement

Assalamualaikum,

In order for you to have more understanding regarding the topic, let's do some simple exercise.

Ainnazuha Scarf presents the following data for year 2019;

·        Opening inventory: 0 Units

·        Sales: 8,000 Units @ RM950

·        Production: 10,000 Units

·        Closing inventory: 2,000 Units

·        Direct materials: RM240

·        Direct labour: RM280

·        Variable manufacturing overhead expenses: RM100

·        Variable selling and administrative expenses: RM40

·        Fixed manufacturing overhead expenses: RM1,200,000

·        Fixed selling and administrative expenses: RM800,000

Required: 

Using the data given above, 

1. Compute the unit product cost of one bike under:

    - Absorption costing system.

    - Variable costing system.

2. Income statement

   - Absorption costing system.

   - Variable costing system.

CHFM - Ministry of Health

Project Paper - Individual Assignment

Assalamualaikum and Salam Sejahtera,

You can now download the project paper from the link below.
Happy answering!!!

Project paper for MOH