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Thomas More - Cost Calculation - Chapter 5 - Material Pricing Methods examples explained
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The exmaples of the lifo. fifo, avco and standard cost tables explained in detail in chapter 5.
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Example 1: FIFO CalculationDate Receipt Price € Issue QTY
QTY
03/10 400 1.25
04/10 330
05/10 300 1.50
06/10
Date Receipt Price € Issue Details Balance
QTY
03/10 400 1.25 400 * 1.25 = 500€
04/10 330 * 1.25€ = 412.5€ 70 * 1.25 = 87.50€
05/10 300 1.50 70 * 1.25 = 87.50€
300 * 1.50 = 450 €
06/10 70 * 1.25€ = 8750€ 120 * 1.50 = 180€
180 * 1.50€ = 270€
30/10 STOCK VALUATION 180€
Rania El Ghalbzouri 38
IBT 3 2024-2025
, Rania El Ghalbzouri 39
IBT 3 2024-2025
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