Scribd Logo
Upload

Welcome to Scribd!

  • Material Costing

    Uploaded by

    Septiyan Adi Nugroho
    18 views1 page
    This document shows an example of calculating average cost, FIFO, and LIFO inventory methods using the same data on receipts and issues. It displays inventory quantities received and issued at different dates and costs, and calculates the ending inventory value and cost of goods sold for each method. The FIFO method values ending inventory at the most recent costs while the LIFO method values it at the earliest costs.

    Original Description:

    Table of material costing

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document shows an example of calculating average cost, FIFO, and LIFO inventory methods using the same data on receipts and issues. It displays inventory quantities received and issued at different dates and costs, and calculates the ending inventory value and cost of goods sold for each method. The FIFO method values ending inventory at the most recent costs while the LIFO method values it at the earliest costs.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    18 views1 page

    Material Costing

    Uploaded by

    Septiyan Adi Nugroho
    This document shows an example of calculating average cost, FIFO, and LIFO inventory methods using the same data on receipts and issues. It displays inventory quantities received and issued at different dates and costs, and calculates the ending inventory value and cost of goods sold for each method. The FIFO method values ending inventory at the most recent costs while the LIFO method values it at the earliest costs.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    .

    .
    .

    EXHIBIT 12-1

    AMPLE OF ~;YERAGE.COST,F~K), 4ND urn M m m s

    APPtlm

    *HE SAME DATA ON RECEIPTS AND ISSUES

    Avtnpa Coat

    M&MI

    4,200
    8,676

    1,200

    IO.60

    15

    - Totals

    J0.50

    3,030
    S11,200

    FIFO McLhod

    I
    .- I ,
    I
    I
    1 '
    1
    1
    A

    -.

    LIFO hJmtbcd

    4m

    l*4*m

    You might also like