Homework SoursePlease show detailed explanationsSolutionCLOSING STOCK OF FI
Please show detailed explanations
Solution
CLOSING STOCK OF FINISHED GOODS[20% OF FOLLOWING MONTHS SALE UNIT]
AS PER THE QUESTION AUGUST MONTH\'S PRODUCTION SHOULD REQUIRES RAW MATERIAL OF 117360[130400-13040].
INFORMATION PROFIDED BY QUESTION SAYS THAT AUGUST MONTH\'S PRODUCTION REQUIRED A RAW MATERIAL OF 108800, THAT MEANS THE BALANCE RAWMATERIAL THAT IS 8560[117360-108800] IS BOUGHT IN JULY.
RAWMATERIAL PURCHED IN JULY
RAW MATERIAL REQUIRED FOR SALE UNIT 100000
RAW MATERIAL REQUIRED FOR CLOSING STOCK 21600
LESS OPENING RAW MATERIAL 12160
109440
ADD BALANCE OF AUGUST 8560
RAW MATERIAL PURCHASED 118000
| JUNE | JULY | AUGUST | SEPTEMBER | |
| SALES UNITS | 9400 | 25000 | 27000 | 28000 |
| CLOSING STOCK OF FINISHED GOODS[20% OF FOLLOWING MONTHS SALE UNIT] | 5000 | 5400 | 5600 | |
| RAW MATERIAL FOR UNIT SALE | 37600 | 100000 | 108000 | 112000 |
| R.M FOR FINISHED GOODS | 20000 | 21600 | 22400 | __ |
| CLOSING STOCK OF RAW MATERIAL [10%OF FOLLOWING MONTHS RAW MATERIAL PRODUCTION NEEDS] | 12160 | 13040 | ___ | __ |
| 130400 |
![Please show detailed explanationsSolutionCLOSING STOCK OF FINISHED GOODS[20% OF FOLLOWING MONTHS SALE UNIT] AS PER THE QUESTION AUGUST MONTH\'S PRODUCTION SHOUL](/WebImages/40/please-show-detailed-explanationssolutionclosing-stock-of-fi-1121585-1761597003-0.webp "Please show detailed explanationsSolutionCLOSING STOCK OF FINISHED GOODS[20% OF FOLLOWING MONTHS SALE UNIT] AS PER THE QUESTION AUGUST MONTH\'S PRODUCTION SHOUL")
