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Assignment should be according to this

so if we have to prepare assignment according to perpetual system

but don,t forget that 150 gallons transferred to obsolete stock

mean these 150 gallons are no more in usable condition mean damage stock

and 80 gallons returned to supplier

so there is confusion for the calculation of opening work in process and finished goods inventory

because there is no value of cost of goods manufactured and cost of goods sold

so how can we calculate this

be carefull

i prepare idea solution on excel sheet kindly check out this one

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solution is correct but some corrections need to be made

1. cost of obsolete material and material return needs to be shown in material ledger card

2. Total factory cost is Rs123190 and cost of goods sold at actual is Rs.54490

FOH 60,000 kasay aya

SOLUTION Assignment No. 1 (MGT402 - Cost and Management Accounting) Fall 2018

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