We have been working very hard since 2009 to facilitate in your learning Read More. We can't keep up without your support. Donate Now.


+ Link For Assignments, GDBs & Online Quizzes Solution


+ Link For Past Papers, Solved MCQs, Short Notes & More




Assignment XYZ co. has the following purchases patterns for the month of august:

August 1 100 units @ Rs. 11.00

12 90 units @ Rs. 9.50

15 50 units @ Rs. 9.50

20 90 units @ Rs. 9.40

Units sold during the month were:

August 10 70 units

14 100 units

30 95 units


(i) Draw inventory valuation tables for August as per two IAS suggested valuation methods (consult book and video lectures for approved inventory valuation methods).

(ii) A physical inventory count revealed a shortage of five units. Show how you would bring this into account.

(iii) Also determine the cost of sales and gross profit under the both methods from the following information: a. Sale price of a unit is Rs. 15 (Amount of direct material will be taken from the requirement (i)) and also treat the cost of lost units in calculation of gross profit.

(iv) You are required to give some logical reasons that why LIFO method has been obsoleted and declared not to be used method for inventory valuation.

+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)

+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)

+ Click Here to Search (Looking For something at vustudents.ning.com?)

+ Click Here To Join (Our facebook study Group)

Views: 1896

Replies to This Discussion

Can anyone know how to record missing inventory ???

Dosto Bari hi tuff Assignment hai yaar

anybody help plzzz

Can anyone guide and resolve the 3rd and fourth point please ..Maray tu kakh palay nahi paa raya 

Please Discuss here about this assignment.Thanks

Our main purpose here discussion not just Solution

We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions. Read More>>

Discussed & be touched with this discussion. After discussion a perfect solution will come in a result at the end.



For Important Helping Material related to this subject (Solved MCQs, Short Notes, Solved past Papers, E-Books, FAQ,Short Questions Answers & more). You must view all the featured Discussion in this subject group.

For how you can view all the Featured discussions click on the Back to Subject Name Discussions link below the title of this Discussion & then under featured Discussion corner click on the view all link.

Or visit this link 

Click Here For Detail.


.•°How to Download past papers from study groups°•.


Please Click on the below link to see…

.... How to Find Your Subject Study Group & Join .... 


P.S:    Please always try to add the discussion in proper format title like “CS101 Assignment / GDB No 01 Solution & Discussion Due Date: ___________”


Looking For Something? Search Here


This is a member-supported website. Your contribution is greatly appreciated!

© 2020   Created by +M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service