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  • Costing and Pricing 02 - Activity - 2

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    Joseph Belen
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    The document tracks inventory levels and purchases of raw materials over the month of June. It shows that the starting inventory on June 1st was 500 units at a cost of $48 per unit. Various purchases were made throughout the month totaling 2,900 units and $170,700. It also shows that 700 units were issued on June 8th and 500 units on June 25th. After accounting for the purchases and issuances, the ending raw materials inventory on June 30th was 1,700 units valued at $110,300.

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    costing and pricing 02_Activity_2

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    The document tracks inventory levels and purchases of raw materials over the month of June. It shows that the starting inventory on June 1st was 500 units at a cost of $48 per unit. Various purchases were made throughout the month totaling 2,900 units and $170,700. It also shows that 700 units were issued on June 8th and 500 units on June 25th. After accounting for the purchases and issuances, the ending raw materials inventory on June 30th was 1,700 units valued at $110,300.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    10 views2 pages

    Costing and Pricing 02 - Activity - 2

    Uploaded by

    Joseph Belen
    The document tracks inventory levels and purchases of raw materials over the month of June. It shows that the starting inventory on June 1st was 500 units at a cost of $48 per unit. Various purchases were made throughout the month totaling 2,900 units and $170,700. It also shows that 700 units were issued on June 8th and 500 units on June 25th. After accounting for the purchases and issuances, the ending raw materials inventory on June 30th was 1,700 units valued at $110,300.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 2

    Units Unit cost Amount

    Inventory, June 1 500 P48 P24,000


    Purchases:
    June 4 800 P52 P41,000
    12 1,300 P65 P84,500
    19 200 P70 P14,000
    29 100 P72 P7,200
    Raw Materials Available 2,900 P170,700
    Less: Issuance
    June 8 (700)
    25 (500)
    Raw Materials Issued
    Raw Materials Invento

    Units Unit cost Amount


    Inventory, June 1 500 P48 P24,000
    Purchases:
    June 4 200 P52 P10,400
    Issuance June 8 700 P34,400

    Units Unit cost Amount


    Inventory, June 1 0 0 0
    Purchases:
    June 4 500 P52 P26,000

    Issuance June 25 500 P26,000


    Units Unit cost Amount
    Inventory, June 1 500 P48 P24,000
    Purchases:
    June 4 800 P52 P41,000
    12 1,300 P65 P84,500
    19 200 P70 P14,000
    29 100 P72 P7,200
    Raw Materials Available 2,900 P170,700
    Less: Issuance
    June 8 (700) (P34,400)
    25 (500) (P26,000)
    Raw Materials Issued (1,200) (60,400)
    Raw Materials Inventory 1,700 P110,300

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