1 Average

Date Particulars Received Issued Balance

Qty. UC TC Qty. UC TC Qty.
1-Jan Balance 500
6-Jan Purchase 200 1.25 250.00 700
10-Jan Purchase 400 1.30 520.00 1,100
15-Jan Issuance 560 1.25 697.45 540
25-Jan Purchase 500 1.40 700.00 1,040
27-Jan Issuance 400 1.32 528.00 640
TOTALS 1,100 1,470.00 960 1,225.45

1 FIFO
Date Particulars Received Issued Balance
Qty. UC TC Qty. UC TC Qty.
1-Jan Balance 500
6-Jan Purchase 200 1.25 250.00 500
200
10-Jan Purchase 400 1.30 520.00 500
200
400
15-Jan Issuance 500 1.20 600.00 140
60 1.25 75.00 400
25-Jan Purchase 500 1.40 700.00 140
400
500
27-Jan Issuance 140 1.25 175.00 140
260 1.30 338.00 500
1,100 1,470.00 960 1,188.00 640
 Assume only one direct material
Balance Direct materials used (+ other materials)
UC TC Materials, beg. 600.00
1.20 600.00 Add: Purchases 1,470.00
1.21 850.00 Materials available for use 2,070.00
1.25 1,370.00 Less: Materials, end 844.55
1.25 672.55 DMUsed 1,225.45
1.32 1,372.55
1.32 844.55

Balance Direct materials used (+ other materials)

UC TC Materials, beg. 600.00
1.20 600.00 Add: Purchases 1,470.00
1.20 600.00 Materials available for use 2,070.00
1.25 250.00 Less: Materials, end 882.00
1.20 600.00 DMUsed 1,188.00
1.25 250.00
1.30 520.00
1.25 175.00
1.30 520.00
1.25 175.00
1.30 520.00
1.40 700.00
1.30 182.00
1.40 700.00
882.00
2 FIFO
Date Particulars Received Issued
Qty. UC TC Qty. UC TC
1-May Balance
3-May Issuance 250 90.00 22,500.00
5-May Purchased 500 95.00 47,500.00

6-May Issued 150 90.00 13,500.00

10-May Issued 110 90.00 9,900.00

11-May Returns to stockroom (10) 90.00 (900.00)

15-May Purchased 500 100.00 50,000.00

20-May Returns to vendor (300) 100.00 (30,000.00)

26-May Issuance 500 90.00 45,000.00

100 95.00 9,500.00
TOTALS 700 67,500.00 1,100 99,500.00

2 Average
Date Particulars Received Issued
Qty. UC TC Qty. UC TC
1-May Balance
3-May Issuance 250 90.00 22,500.00
5-May Purchase 500 95.00 47,500.00
6-May Issuance 150 92.00 13,800.00
10-May Issuance 110 92.00 10,120.00
11-May Returns to stockroom (10) 92.00 (920.00)
15-May Purchase 500 100.00 50,000.00
20-May Returns to vendor (300) 100.00 (30,000.00)
26-May Issuance 600 93.33 55,998.00
700 67,500.00 1,100 101,498.00
 Balance
Qty. UC TC
1,000 90.00 90,000.00
750 90.00 67,500.00
750 90.00 67,500.00
500 95.00 47,500.00
600 90.00 54,000.00
500 95.00 47,500.00
490 90.00 44,100.00
500 95.00 47,500.00
500 90.00 45,000.00
500 95.00 47,500.00
500 90.00 45,000.00 Direct materials used (+ other materials)
500 95.00 47,500.00 FIFO Average
500 100.00 50,000.00
500 90.00 45,000.00 Materials, beg. 90,000.00 90,000.00
500 95.00 47,500.00 Add: Purchases 67,500.00 67,500.00
200 100.00 20,000.00 Materials available for use 157,500.00 157,500.00
400 95.00 38,000.00 Less: Materials, end 58,000.00 56,002.00
200 100.00 20,000.00 DMUsed 99,500.00 101,498.00
600 58,000.00

Balance
Qty. UC TC
1,000 90.00 90,000.00
750 90.00 67,500.00
1,250 92.00 115,000.00
1,100 92.00 101,200.00
990 92.00 91,080.00
1,000 92.00 92,000.00
1,500 94.67 142,000.00
1,200 93.33 112,000.00
600 93.34 56,002.00
3 Work in process 68,000.00
Factory overhead 3,800.00
Materials 71,800.00
4 a Materials 200,000.00
Accounts payable 200,000.00
b Work in process 175,000.00
Materials 175,000.00
c Factory overhead 12,000.00
Materials 12,000.00
d Materials 2,500.00
Work in process 2,500.00
e Accounts payable 800.00
Materials 800.00
f Accounts payable 160,000.00
Cash 160,000.00
5 a Materials 23,750.00
Accounts payable 23,750.00
b Work in process 19,250.00
Materials 19,250.00
c Materials 1,200.00
Work in process 1,200.00
d Factory overhead 2,975.00
Materials 2,975.00
e Materials 175.00
Factory overhead 175.00

Materials balance is 7,900.00