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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)
Methods of Allocating Service Costs Direct Method The service costs are merely allocated to the production department according to the usage of the services given. St
Compute the rate to be used in each department for applying overhead in both departments Budegeted Cost sheet Amount in $
fifo method
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distinguish between bin card and store ledgre
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How the FIFO, LIFO and AW problems can be solved?
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