MGT402 - COST & MANAGEMENT ACCOUNTING ASSIGNMENT 1 SOLUTION

ASSIGNMENT NO 1.   (MGT402)

ABC Company

On January 1st,

Material Ledger Card (FIFO)

Date	Purchase unit			Issue Unit				Inventory Unit
	Unit	Unit Cost	Total		Unit	Unit Cost	Total		Unit	Unit Cost	Total
ADD
1st  January	215	45	9675						215	45	9675
5th January	900	59	53100						900	59	53100
Total	1115		62775
SUBTRACT
9th January					215 435	45 435	9675 435
11th January					150	59	8850		150	59	8850
27th January					80	59	4720		80	59	4720
Total					880		48910
SUBTRACT Purchase -- Issue					235	NIL	13875		1345	NIL	76345