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MGT402 Assignment 1 Solution Spring 2018

ASSIGNMENT QUESTIONS
Q. 1 Jamshed & company is a manufacturing concern. Following is the receipts & issues record for the month of January, 2006 Date Receipts Issues
Jan 1 Opening Balance 50 @ 40
Jan 8 200 units @ Rs. 50/unit
Jan 11 60 units
Jan 13 150 units @ Rs. 60/unit
Jan 18 100 units @ Rs. 75/unit
Jan 20 150 units

Prepare Inventory sheets under:
¾FIFO Method
¾LIFO Method
¾Weighted Average cost Method

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