Fortified Chain of Bakeries

Date Transaction

1-Jun Balance, 500 units at P48

4 Purchased 800 units at P52 per unit

8 Issued 700 units to Bakery Chain 1

12 Purchased 1,300 units at P65 per unit

19 Purchased 200 units at 70

25 Issued 500 units to bakery chain 2

29 Purchased, 100 units at P72

Units Unit Cost Amounts (units x unit cost

Inventory, June 500 P48 21,000

Purchases:

4 800 52 41,600

12 1,300 65 84,500

19 200 70 14,000

29 100 72 7,200

Raw Materials Available 2,900 171,300

Less: Issuance

8-Jun (700) (34,400)

25 (500) (26,000)

Raw Materials Issued (1,200) (60,400)

Raw Materials Available 1,700 110,900

 Units unit cost amounts (units x unit cost)

Inventory, June 500 P48 24,000

Purchases:

4 200 52 104,000

Issuance, June 8 700 34,400

Units unit cost Amounts (units x unit cost)

Inventory, January 0 0 0

Purchases:

4 500 52 26,000

Issuance, June 25 500 26,000

100 units at 52 P5,200

1,300 units at 65 84,500

200 units at 70 14,000

100 units at 72 7,200

Total units 1,700 units 110,900