MGT402 Cost & Management Accounting Assignment No 01 Fall 2019 Solution & Discussion
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MGT402 Cost & Management Accounting Assignment 1 Solution Fall 2019
Cost and Management Accounting (MGT402)
Assignment No. 01
Due Date: November 21, 2019
Topics to be covered: Inventory Costing Method, Cost of Goods Sold Statement
After going through this assignment, the students should be able to prepare:
ABC is a manufacturing concern of leather products. Management manufactured 500 leather bags to fill an order by incurring following costs.
Following information has been extracted the books of company to prepare material ledger card for the month of December.
Company had 1,500 kg material @ Rs. 10 per kg
Purchased material of 2,000 kg @ Rs. 11 per kg
Issued 2,500 kg material
Purchased material of 500 kg @ Rs. 12 per kg
Issued 900 kg material
Note: Provide working in proper format otherwise marks will be deducted.
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RULES FOR MARKING
Please note that your assignment will not be graded or graded as Zero (0), if:
Can anyone send me Format of FIFO Fromat please