JOHN LLOYD R.

BELARMA COSTING AND PRICING

BSBA-OM 2ST YEAR
The management of Fortified chain of Bakeries desires to come up with a costing record that
presents the movement or issuance and purchases butter- their primary ingredient in Baking
Pastries. Below are the purchases and issuance of butter to the company's different bakery chains
for June:

The management of Fortified chain of Bakeries

Date Transaction

JUNE 1 Balance, 500 units at P48

4 Purchased 800 units at P52 per unit

8 Issued 700 units to Bakery chain 1

12 Purchased 1,300 units at P65 per unit

19 Purchased 200 units at P70

25 Issued 500 units to Bakery chain 2

29 Purchased 100 units at P72

The computation of raw materials available for use, raw material used, and raw materials
inventory
Units Unit cost Amount (unit x unit cost)

Inventory, June 500.00 48.00 P24,000.00

purchases
4 800.00 52.00 41,600.00
12 1,300.00 65.00 84,500.00
19 200.00 70.00 14,000.00
29 100.00 72.00 7,200.00
Raw materials 2,900.00 P171,300.00
available
 units Unit's cost Amount (unit x unit cost
Less: issuance
June 8 (700.00) 1.00 ( P700.00)
25 (500.00) 2.00 (1,000.00)
Raw materials issued P1200.00
Raw materials P 1,700.00
inventroy

Date Units Unit cost Inventory amunt ( unit x unit

cost)
Inventory: june ( 500.00) 48.00 P24,000.00
(500.00)
Balance 0.00 0.00 0.00
Purchases:
June 4 ( 800.00)
4 (200.00) 52.00 10,400.00
BALANCE, JUNE4 P600.00
LESS ISSUANCE
JUNE 8 (700.00) P34,400.00
Date Units Units cost Inventoty amount (units x
unit cot)
Inventoty, june 0.00 0.00 0.00
Purchases:
June 4 (600.00) 52.00 P31,200.00
4 (500.00)
Balance: 4 P100.00
12 1,300.00 65.00 84,500.00
19 200.00 70.00 14,0000.00
Less issuance:
June 25 (500.00) P 129,700.00

Date Units Unit cost Inventory amount ( unit x

unit cost)
Inventory, june 0.00 0.00 P0.00
Purchases:
June 4 100.00 52.00 5,200.00
12 1,300.00 65.00 84,500.00
19 200.00 70.00 14,000.00
29 100.00 72.00 7,200.00
Raw materials P1,700.00 P110,900.00
available
 Date Units Unit cost Inventory ( unit x unit cost)
Inventory, june 500.00 48.00 P24,000.00
Purchase:
June 4 800.00 52.00 41,600.00
12 1,300.00 65.00 84,500.00
19 200.00 70.00 14,000.00
29 100.00 72.00 7,200.00
Raw materials P2,900.00 P171,300.00
available
Less: issuance
June 8 700.00 P34,400.00
25 500.00 129,700.00
Raw materials issued 1,200.00 164,100.00
Raw materials 1,700.00 P103,700.00
inventory

Units Amount
Raw materials available 2,900.00 P171,300.00
Raw materials issued 1,200.00 164,100.00
Total units 110,900.00
Raw materials inventory 1,700 P103,700.00