Other
Tasks on FIFO, LIFO, AND AVCO
- Course
- Institution
Tasks on FIFO, LIFO, AND AVCO. Use this after reading the handbook.
[Show more]
Seller
Follow
bethanykernaghan
Content preview
Task 1Bubble Pop Ltd
The below shows the receipts and issues of Bubble Pop Ltd during July. You should update the
inventory ledger cards to reflect the transactions taken place during the month, using the relevant
inventory valuation method noted on each card.
Goods Received Notes (GRN):
Receipts
GRN No. Date Product Quantity Price Details
1081 01.07.22 BUC1 400kg £10 per kg Supplier: Sparkle Ltd
1082 06.07.22 BUC7 600kg £12 per kg Supplier: Bute Plc
1083 10.07.22 BUC8A 300 liters £17.50 per liter Supplier: Pom.com
1084 18.07.22 BUC1 600kg £15 per kg Supplier: Fizz’R’Us
1085 28.07.22 BUC8A 200 liters £20 per liter Supplier: Pom.com
Material Requisition Notes (MRN):
Issues
MRN No. Date Product Quantity Details
6541 02.07.22 BUC1 300kg Job VIZ456
6542 14.07.22 BUC7 250kg Job VIZ457
6543 14.07.22 BUC1 175kg Job VIZ458
6544 16.07.22 BUC56 10kg Job VIZ459
6545 16.07.22 BUC56 3kg Job VIZ459
6546 22.07.22 BUC8A 140 liters Job VIZ460
6547 24.07.22 BUC1 225kg Job VIZ461
6548 25.07.22 BUC56 9kg Job VIZ462
6549 26.07.22 BUC8A 105 liters Job VIZ463
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller bethanykernaghan. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.54. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
53068 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now