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  • Question On Lifo and Fifo

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    navya surana
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    1. The document discusses direct material costing methods including FIFO and LIFO. 2. It provides examples of calculating direct material costs and variances using both FIFO and LIFO accounting methods. 3. The examples show calculating direct material costs based on purchases and balances over multiple periods.

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    Big question on lifo and fifo method

    Original Title

    Question on lifo and fifo

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    1. The document discusses direct material costing methods including FIFO and LIFO. 2. It provides examples of calculating direct material costs and variances using both FIFO and LIFO accounting methods. 3. The examples show calculating direct material costs based on purchases and balances over multiple periods.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    3 views9 pages

    Question On Lifo and Fifo

    Uploaded by

    navya surana
    1. The document discusses direct material costing methods including FIFO and LIFO. 2. It provides examples of calculating direct material costs and variances using both FIFO and LIFO accounting methods. 3. The examples show calculating direct material costs based on purchases and balances over multiple periods.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 9

    15 Nastey

    Obyechesfo be achiend
    Seody the pkubduet
    Shuay the agani2ahon
    Sciding he shauchue cut Ace
    5 Thatallahon

    162

    Tnliaes
    3
    Acceuoy - aReusae a reliabe cost data
    inpity - sinple fo ae &leasy fo undbrstaud
    hbhlily -hauldhe
    busina
    6

    Fcenewcal.
    Suprdoy

    j03
    factay to be considored
    Suutasle

    eLorbmial

    109 eloment
    -dirgct
    Plret
    kaus mateidl Tnourec

    kcemea

    Direct E- lhat cae pot direeHy relakd oduehn

    Melhoda
    Nohoda icing Mateial ite

    LIFO

    HIFD IHighuk -in


    4 Base Chock metd
    NZEO CNest in rtt out]
    23 lo D 03333

    Depsiiahon
    hime 1.032D
    11,000 - 680
    1000 O

    =1SO 61SO
    l0j00o

    Peuw6Xo-0S O-300D
    MHR 1-3153
    (oD)-32
    Supetot

    Direet makeial cet pxconge


    Dixct mateiol cost = Total oH coat
    bireetlatesial C9at

    = 36,00o
    54,000

    = 66-67

    (aJabsu kouss me

    6000 66-67
    54,600
    E7,407.41

    6)
    labous houy ate = Dieet|uagA

    36,000

    euochad hasga
    ) Nochino houH ate = Svekhuad
    uachin

    = 36,6o0
    30,00o
    MENI
    Supetoy

    (a) Rosdon enel maximurCGAmybin Maxinnu

    CAJ =
    450b X6

    = 4500X

    (b) Nakimn e lenel = lenelt


    Apnden ckymnimuim
    consuhtbien X inimun egnd

    IAJ = 27,00o + 13,doo - [1SAoo X 4J

    8 = 8,00 o + 4,00 o t , Soox2J


    = 4l, 00030oo
    =290Oo

    lc) Hiniumenel=eande Jenel -namal csnaum


    X nomialresrdoype)
    Normmal
    saNdon jauiod

    TAJ 4t6 5 LAJ 2 t4 =3


    2
    AJ2W, 000.m (3000x)
    27 0001S,000

    Cok Jeve Minim um lenel


    a)Aeag
    1Ro0ot 6,soD

    2900ot 700D
    lbo0D
    S,
    P.

    250

    453634 1=20

    300 So 225
    lngas 64633=2e

    Ayskiciahsn mlue 200


    o00 200
    J2:620 : |:l2Y003200

    23:2l=2o0

    HP Nadhines S00
    63:51:0S6o0 360

    Sandsies 3000 2000 3000 I500


    6i46 :31=2O

    SSD 720D 65D 3aS 0 S


    FIFO

    Puneha) BalaneL
    RateAnt Oty Raje Ant
    Dak ty Rate Amtty
    Jas SoO 2000

    4 200 300 1200


    300 4 1200
    5 20025
    300
    10 25425 |00 425
    -
    I00 d-25 425
    615
    100 4-25 425 1So 4410
    50 205
    19 4-10 205
    360 13SO 300
    20 So

    25 1600
    205 65
    1S0
    1S0 4-So 67S
    4o0 300 1200
    30

    300 wik
    Suprdo
    UFO

    Galane
    Pehase
    Rate Amt Rate Ant
    Dak
    Rake Anmt

    Tan S00 4 2000

    1 |200
    200 300
    1200
    300
    200 y-25
    520o 4-25
    200 lo0
    200
    10 100 4
    150
    150 4.)0 6l5
    12 100
    20S
    J00 4-10
    15 205
    So 290 So 200
    SO 200
    19 135O
    3 00 4-So
    20 300 4So350 300 4so
    200
    1250

    2s 200
    206
    26 2.00 So
    50 4So 225 250
    36

    chock =32S

    250 wut 4.S0

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