Inventory valuation

Question 1

Components of cost of WIP and Finished goods of manufacturing business

Answer 1

https://drive.google.com/file/d/1t1GKmSfsFTUQRuQQWYfnJZ5DJIfuSkvm/view?usp=drivesdk

https://drive.google.com/file/d/1t1GKmSfsFTUQRuQQWYfnJZ5DJIfuSkvm/view?usp=drivesdk

Question 2

Components of cost of Finished goods of trading business and raw materials for manufacturing business

Answer 2

https://drive.google.com/file/d/1s81kFjAzF6uRqtgTUmpREIwWZ-b2_atk/view?usp=drivesdk

Question 3

Slides

Answer 3

https://drive.google.com/file/d/1te81hHDWOB-YxYr2dCDBpw0qmGAdjQQf/view?usp=drivesdk

https://drive.google.com/file/d/1thbZzgJsQ1A-eQiPDJZ6OrhF3Go5sMZL/view?usp=drivesdk

Question 4

Cost of goods sold cogs

Answer 4

https://drive.google.com/file/d/1tuGc48MjWd9SgGSvfMY_DIzfwGCkQ6iW/view?usp=drivesdk

Question 5

FiFo period

Answer 5

https://youtu.be/e2KCw2bS27g?si=JyIcFTGebhh0_HNy

Question 6

Avco periodic

Answer 6

https://youtube.com/shorts/J769XvywOZk?si=YvrhW-Ez-2jFh6uA

Question 7

Concept or point fifo perpetual

Answer 7

https://youtube.com/shorts/UIP1lBcH-5w?si=u02gykMNM3z-snLb

Question 8

Avg rate for avco formula

Answer 8

https://drive.google.com/file/d/1v0LsAadrIbZ1i6CC2206jsK2yAiJIcSX/view?usp=drivesdk

Question 9

Information

Answer 9

https://drive.google.com/file/d/1vAhauxu4UjJvfhQXe9yhQkFl6aiayyZF/view?usp=drivesdk

https://drive.google.com/file/d/1vIdcs_t_FUq79VSKk8UvutrbM-KXcpLl/view?usp=drivesdk

Question 10

Cogm cost of goods manufactured

Answer 10

https://drive.google.com/file/d/1vritaEaAkYng0U_FdlVJlb0q-qxkeoXp/view?usp=drivesdk

Question 11

Cogs cogm cofg

Answer 11

https://drive.google.com/file/d/1w-Y3kih_V3u0kOxMMTI9vYFQNZZIGK27/view?usp=drivesdk

https://drive.google.com/file/d/1wIvydvKjGI7aw3AwzETzR8FFsxoU6-nr/view?usp=drivesdk

https://drive.google.com/file/d/1wOYIp4yr7RbvWSB75QzLMJbMAFvnH8ih/view?usp=drivesdk

Question 12

Cogs of manufacturing business

Answer 12

Fifo closing stock

https://drive.google.com/file/d/1wsHdF2NlQeens4VufZtt8ujtKmQpV5sI/view?usp=drivesdk

Avco closing stock

https://drive.google.com/file/d/1x9wXmE-lIhuhzqDBh_yZC2cEbD2-0TXl/view?usp=drivesdk

Question 13

Net realisable value finished Good and WIP

Answer 13

https://drive.google.com/file/d/1yJMDlVXAq3aVoH2e1NsIKtDQbCi6njaz/view?usp=drivesdk

Question 14

NRV raw material

Answer 14

Nrv= replacement cost

https://drive.google.com/file/d/1yQ3itFz-OAyajtqPwhLOG3EzZ65ICWTI/view?usp=drivesdk

Question 15

NRV rules

Answer 15

Lower of cost or nrv

https://drive.google.com/file/d/1z78EmvRe4VC-lqNRwgQuggLEAZNrNCG8/view?usp=drivesdk

https://drive.google.com/file/d/1zZAcd4u9-YsbioWbExUb0UYwDFLCDE02/view?usp=drivesdk

https://drive.google.com/file/d/1zdzvDRJP_7BVZjawORUwouPwJ2E4QLhg/view?usp=drivesdk

Avco closing stock

https://drive.google.com/file/d/1zfUMke1sOJ6gXNZBlB9NQ570UWPTVxU_/view?usp=drivesdk

Fifo closing

https://drive.google.com/file/d/1zfUMke1sOJ6gXNZBlB9NQ570UWPTVxU_/view?usp=drivesdk

Question 16

Journal entries perpetual manufacturing business

Answer 16

https://drive.google.com/file/d/1-GLkiDIOB11ZdPdrsmrpTzXsAijExKv2/view?usp=drivesdk

https://drive.google.com/file/d/1-Ji37HNdc208DCD75Ql8OXlJnVEn5Tjj/view?usp=drivesdk

https://drive.google.com/file/d/1-LpaDp8z1LY0CTQH4SFclp1P57ZsXtL3/view?usp=drivesdk

Question 17

Journal entries perpetual trading business

Answer 17

https://drive.google.com/file/d/1-SGz2pszMMUkCSJGWQffU_DM5gKAQ5n0/view?usp=drivesdk

https://drive.google.com/file/d/1-N8_OlfImnMQ1ludTBYXgnGyQYxXq_Hc/view?usp=drivesdk