Straight Line Method

YEAR 1 2 3 4 5 6
Opening Book Value 800000 680000 560000 440000 320000 200000
Depreciation 120000 120000 120000 120000 120000 120000
Ending Book Value 680000 560000 440000 320000 200000 80000

Depreciation Schedule by Straight Line Method

Year Cost Depreciation Acc Dep Carrying Amount

1 800000 120000 120000 680000
2 800000 120000 240000 560000
3 800000 120000 360000 440000
4 800000 120000 480000 320000
5 800000 120000 600000 200000
6 800000 120000 720000 80000
Written Down Value Method
Rate Of Depreciation 31.87%

YEAR 1 2 3 4
Opening Book 800000 545040 371336 252991
Depreciation 254960 173704 118345 80628
Ending Book 545040 371336 252991 172363

Depreciation Schedule by Written Down Value Method

Year Cost Depreciation Acc Dep Carrying Amount

1 800000 254960 254960 545040
2 800000 173705 428665 371335
3 800000 118345 547010 252990
4 800000 80629 627639 172361
5 800000 54933 682572 117428
6 800000 37428 720000 80000
 5 6
172363 117431
54932 37425
117431 80006

g Amount
Ques 2 (A) LIFO
Date Units purchaPrice per uniPuchase CostUnits Sold Price per uniSales
Feb-01
Feb-04 50 142 7100

Feb-07 30 142 4260

Feb-10 60 145 8700

Feb-14 20 145 2900

Feb-20 30 147 4410

Feb-26 30 147 4410

10 145 1450

Feb-29 80 148 11840

Total Inventory (Units) 150

Total Inventory Value 21830

Ques 2 (C) WAC

Date Units purchaPrice per uniPuchase CostUnits Sold Price per uniSales
Feb-01
Feb-04 50 142 7100
Feb-07 30 141.44 4243
Feb-10 60 145 8700
Feb-14 20 143.57 2871
Feb-20 30 147 4410
Feb-26 40 144.51 5780
Feb-29 80 148 11840

Total Inventory (Units) 150

Total Inventory Value 21956
 (B)
Balance no ofPrice per uniTotal Balance Date Units purchaPrice per uni
20 140 2800 Feb-01
20 140 2800 Feb-04 50 142
50 142 7100
20 140 2800 Feb-07
20 142 2840
20 140 2800 Feb-10 60 145
20 142 2840
60 145 8700 Feb-14
20 140 2800
20 142 2840 Feb-20 30 147
40 145 5800
20 140 2800
20 142 2840 Feb-26
40 145 5800
30 147 4410 Feb-29 80 148
20 140 2800
20 142 2840
30 145 4350
20 140 2800 Total Inventory (Units) 150
20 142 2840 Total Inventory Value 22050
30 145 4350
80 148 11840

Balance no ofPrice per uniTotal Balance

20 140 2800
70 141.44 9900
40 141.44 5657
100 143.57 14357
80 143.57 11486
110 144.51 15896
70 144.51 10116
150 146.37 21956
 FIFO
Puchase CostUnits Sold Price per uniSales Balance no ofPrice per uniTotal Blance
20 140 2800
7100 20 140 2800
50 142 7100
20 140 2800 40 142 5680
10 142 1420
8700 40 142 5680
60 145 8700
20 142 2840 20 142 2840
60 145 8700
4410 20 142 2840
60 145 8700
30 147 4410
20 142 2840 40 145 5800
20 145 2900 30 147 4410
11840 40 145 5800
30 147 4410
80 148 11840
Ques 3 (A) FIFO
Date Units purchaPrice per uniPuchase CostUnits Sold Price per uniSales
Nov-01
Nov-03 80 71 5680

Nov-08 40 70 2800
50 71 3550
Nov-10 10 71 710
Nov-15 40 73 2920

Nov-17 20 71 1420
30 73 2190
Nov-21 30 74 2220

Nov-26 30 76 2280

Nov-28 10 73 730
10 74 740

Total Inventory (Units) 50

Total Inventory Value 3760

Ques 3 (C) Jurnal Entries

1) B/R A/c Dr 8100

To Sales 8100
(Being goods sold on credit to Rohini Company )

2) Purcahses A/C Dr 2280

To B/P A/c 2280
(Being goods purchased on credit from Tanvir Company )
 Ques 3 (B)
Balance no ofPrice per uniTotal Blance Date Units purchaPrice per uni
40 70 2800 Nov-01
40 70 2800 Nov-03 80 71
80 71 5680
Nov-08
30 71 2130
20 71 1420 Nov-10
20 71 1420 Nov-15 40 73
40 73 2920
10 73 730 Nov-17

10 73 730 Nov-21 30 74
30 74 2220
10 73 730 Nov-26 30 76
30 74 2220
30 76 2280
20 74 1480 Nov-28
30 76 2280

Total Inventory (Units) 50

Total Inventory Value 3680
 LIFO
Puchase CostUnits Sold Price per uniSales Balance no ofPrice per uniTotal Blance
40 70 2800
5680 40 70 2800
80 71 5680
80 71 5680 30 70 2100
10 70 700
10 70 710 20 70 1400
2920 20 70 1400
40 73 2920
40 73 2920 10 70 700
10 70 700
2220 10 70 700
30 74 2220
2280 10 70 700
30 74 2220
30 76 2280
20 76 1520 10 70 700
30 74 2220
10 76 760
Ques 4 (A) FIFO
Date Units purchaPrice per uniPuchase CostUnits Sold Price per uniSales
Jul-01
Jul-04 50 82 4100

Jul-08 30 80 2400
15 82 1230
Jul-12 70 90 6300

Jul-17 35 82 2870
55 90 4950

Jul-24 100 100 10000

Jul-27 15 90 1350
70 100 7000
Jul-30 105 120 12600

Total Inventory (Units) 135

Total Inventory Value 15600

Ques 4 (C) WAC

Date Units purchaPrice per uniPuchase CostUnits Sold Price per uniSales
Jul-01
Jul-04 50 82 4100
Jul-08 45 81.25 3656
Jul-12 70 90 6300
Jul-17 90 87.09 7837
Jul-24 100 100 10000
Jul-27 85 98.31 8356
Jul-30 105 120 12600

Total Inventory (Units) 135

Total Inventory Value 15550
 Ques 4 (B)
Balance no ofPrice per uniTotal Blance Date Units purchaPrice per uni
30 80 2400 Jul-01
30 80 2400 Jul-04 50 82
50 82 4100
35 82 2870 Jul-08

35 82 2870 Jul-12 70 90
70 90 6300

15 90 1350 Jul-17

15 90 1350 Jul-24 100 100

100 100 10000
30 100 3000 Jul-27

30 100 3000 Jul-30 105 120

105 120 12600

Total Inventory (Units) 135

Total Inventory Value 15300

Balance no ofPrice per uniTotal Blance

30 80 2400
80 81.25 6500
35 81.25 2844
105 87.09 9144
15 87.09 1306
115 98.31 11306
30 98.31 2950
135 115.19 15550
 LIFO
Puchase CostUnits Sold Price per uniSales Balance no ofPrice per uniTotal Blance
30 80 2400
4100 30 80 2400
50 82 4100
45 82 3690 30 80 2400
5 82 410
6300 30 80 2400
5 82 410
70 90 6300
70 90 6300 15 80 1200
5 82 410
15 80 1200
10000 15 80 1200
100 100 10000
85 100 8500 15 80 1200
15 100 1500
12600 15 80 1200
15 100 1500
105 120 12600