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Weighted Average Method
This way is a perpetual weighted average system whereas the issue price is recalculated after one of receipt of stocks taking into accounts both money and quantities vale of the stocks received.
During this case stock employed or unused is based upon the average price per unit whereas the average price per unit is calculated as specifies as:
= Net value of stocks/No. of units of stock
= Average Price per Unit
= (Money value of old stocks + Money Value of New Stocks)/(Quantity of old stocks + Quantity of New Stocks)
We have noticed that working capital is needed to finance that portion of current assets that is not financed through current liabilities. We also noticed that the investments repr
You have recently graduated from VU and are now working for a small accounting firm. The firm recently purchases MYOB software for internal use. Upon learning that you had learnt M
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Typical Causes of Material Variances Price Variances a) Paying lower or higher prices than planned. b) Losing or gaining quantity discounts via buying in large
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