On 31.12.88 a shortage of 100 units was found. ![]() Corporation in respect of its raw materials for the month of December 1988: The following are the details supplied by J.K. ![]() Prepare the Store Ledger for the month of January 2007. A shortage of 10 kg was noticed on 16th January. Pricing of issues is to be done on FIFO basis. The particulars of receipts and issues of materials in a factory in January 2007 are: The stock verifier found a shortage of 10 kg. Cost Accounting Problems on Store Ledger (4 Problems):įrom the following particulars find out the value of closing stock when materials are issued under Simple Average Method:įrom the following details write Store Ledger under simple average method: ![]() Therefore Economic Order Quantity = 500 units.ģ. The total cost of the inventory is minimum, when the ordering quantity is 500 units, i.e. (i) Annual consumption of materials = 2,000 tonnes EOC = √2 × 75,000 × 18/0.375 = 2,691 units (approx).įrom the following particulars determine the Economic Order Quantity: You are required to determine the Economic Order Quantity and frequency of orders p.a.Ĭ = Carrying cost per unit = 25% of Rs. ![]() 1-50 per unit and the carrying cost is estimated to be 25% p.a. 2,000Īnnual cost of carrying inventory (including interest) – 10% of costĪ manufacturer uses 75,000 units of a particualr material per year. Cost Accounting Problem on Economic Ordering Quantity (2 Problems):įrom the following information calculate the Economic Order Quantity:Ĭost of placing and receiving order – Rs. (ii) Fixed expenses assumed related with office and administration.Ģ. (i) Variable overhead changed with production unit.
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