Capital Joinery Ltd - Management Accounting Report and Analysis
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This report provides a comprehensive overview of management accounting principles, focusing on their practical application within Capital Joinery Ltd. It begins by defining management accounting and exploring various systems, including job costing, inventory management, cost accounting, and price optimization. The report then delves into the methods used for management accounting reports, such as account receivable reports, budget reports, performance reports, and cost managerial accounting reports. It examines the benefits of these systems. The core of the report analyzes costing techniques, including marginal costing, absorption costing, and standard costing, with detailed calculations and reconciliations. Furthermore, it investigates the benefits and drawbacks of planning tools used for budgetary control. Finally, the report discusses the use of management accounting tools in resolving financial problems and leading organizational success. The document provides practical examples and calculations to illustrate each concept, offering valuable insights into the application of management accounting within a real-world business context.
Management Accounting
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Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
P1 Brief description regarding various types of systems of management accounting................3
P2 Methods used for management accounting reports...............................................................4
M1 Benefits of management accounting system........................................................................5
TASK 2............................................................................................................................................7
P3 Calculation of cost by using management accounting techniques.........................................7
M2 Uses of management accounting techniques for formulate reports....................................11
TASK 3..........................................................................................................................................11
P4 Brief description regarding benefits & drawbacks of planning tools used for budgetary
control.......................................................................................................................................11
M3 Uses of planning tools for forecasting budgets..................................................................13
TASK 4..........................................................................................................................................13
P5 Brief explanation of use of management accounting tools for resolve financial problem. .13
M4 Use of management accounting tools for lead organization success by solving issue
related with financial problem..................................................................................................15
CONCLUSION..............................................................................................................................15
REFERENCES..............................................................................................................................16
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
P1 Brief description regarding various types of systems of management accounting................3
P2 Methods used for management accounting reports...............................................................4
M1 Benefits of management accounting system........................................................................5
TASK 2............................................................................................................................................7
P3 Calculation of cost by using management accounting techniques.........................................7
M2 Uses of management accounting techniques for formulate reports....................................11
TASK 3..........................................................................................................................................11
P4 Brief description regarding benefits & drawbacks of planning tools used for budgetary
control.......................................................................................................................................11
M3 Uses of planning tools for forecasting budgets..................................................................13
TASK 4..........................................................................................................................................13
P5 Brief explanation of use of management accounting tools for resolve financial problem. .13
M4 Use of management accounting tools for lead organization success by solving issue
related with financial problem..................................................................................................15
CONCLUSION..............................................................................................................................15
REFERENCES..............................................................................................................................16
INTRODUCTION
Management accounting is essential branch of accounting which apply by manager for
decision making purpose. In order to understand this concept Capital Joinery Ltd has been
taken. This organization is situated in UK, it is medium size business entity which provides best
quality of furniture, doors, window facilitates to their customers. This report includes the
relevance of different types of managerial accounting system as well as use of various
management accounting report for formulation of budget. This report also define how cost
calculate by using different technique and benefits of various planning tools. It is also showcase
use of benchmarking, and other technique of management accounting to solve monetary issue.
TASK 1
P1 Brief description regarding various types of systems of management accounting.
Management accounting: This term is combination of 2 essential word of running
business. One is management and other is accounting. Management is define as art of getting
things done by others. Accounting is procedure in which business transaction are collect,
analysis, record and present in effective manner. Management accounting is part of management
procedure which help in recording transaction in such a way which useful for managers in
decision making procedure (Anand, Balakrishnan and Labro, 2019).
There will be many types of system which used by manager in order to re4cord their
transaction following are define belowï‚· Job costing system-based: This system is implemented by business entities in order to
calculate or measure cost required for fulfill demand of each business customers. Their
will be different types of cost assign by organizations in order to complete their particular
or specific job. Capital Joinery Ltd used job costing system in order to assign or
calculate job.ï‚· Inventory management system: Stock is consider as most essential element of
organization. Success of business entity depend on how effective organization manage
their inventory. There various kinds of tools which help in manage, control and evaluate
maximum, minimum number of order required to fulfil demand of customers. Capital
Joinery Ltd use ABC, JIT,EOQ, LIFO and FIFO technique through which they can able
Management accounting is essential branch of accounting which apply by manager for
decision making purpose. In order to understand this concept Capital Joinery Ltd has been
taken. This organization is situated in UK, it is medium size business entity which provides best
quality of furniture, doors, window facilitates to their customers. This report includes the
relevance of different types of managerial accounting system as well as use of various
management accounting report for formulation of budget. This report also define how cost
calculate by using different technique and benefits of various planning tools. It is also showcase
use of benchmarking, and other technique of management accounting to solve monetary issue.
TASK 1
P1 Brief description regarding various types of systems of management accounting.
Management accounting: This term is combination of 2 essential word of running
business. One is management and other is accounting. Management is define as art of getting
things done by others. Accounting is procedure in which business transaction are collect,
analysis, record and present in effective manner. Management accounting is part of management
procedure which help in recording transaction in such a way which useful for managers in
decision making procedure (Anand, Balakrishnan and Labro, 2019).
There will be many types of system which used by manager in order to re4cord their
transaction following are define belowï‚· Job costing system-based: This system is implemented by business entities in order to
calculate or measure cost required for fulfill demand of each business customers. Their
will be different types of cost assign by organizations in order to complete their particular
or specific job. Capital Joinery Ltd used job costing system in order to assign or
calculate job.ï‚· Inventory management system: Stock is consider as most essential element of
organization. Success of business entity depend on how effective organization manage
their inventory. There various kinds of tools which help in manage, control and evaluate
maximum, minimum number of order required to fulfil demand of customers. Capital
Joinery Ltd use ABC, JIT,EOQ, LIFO and FIFO technique through which they can able
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to understand requirement of stock at the time of supplying finished goods for selling
purpose.ï‚· Cost accounting system: This system is implemented by manager in order to calculated
final cost required for run or operate business cycle. There will be many technique or
tools which useful to determine cost and profit generate by selling business units. Cost
accounting system is implemented by Capital Joinery Ltd in order to systematically
recognize total cost organization bear to make products as well as run their day to day
business activities. They generally use marginal, absorption, standard costing tools
which useful in accurately determine cost of business activities (Anderson, 2017, Baard
and Dumay, 2020).
ï‚· Price optimization system:This system is implemented by managers in order to
determine rate of price. As it is consider as factor which useful to generate profit. Thus
manager needs to choose their price rate which help in generate profit by satisfying
demand o0f customers. There will be many methods which manager of Capital Joinery
Ltd use to determine their price rate which includes, price penetration, price skimming,
price premium and discounting price method. Manager on the basis of stage of running
business cycle need to select and choose price method which useful in attain business
profits.
P2 Methods used for management accounting reports
Management Accounting Report
Management Accounting Report determine the financial status of a company. These
reports includes financial information right from records of accounting, transaction details,
profitability of a product, operating cost and regional sales over a period of time. With the help
of of these reports an organisation can plan, take decisions, regulate operations and also measure
the performance.
Types of Management Accounting Reports:
ï‚· Account Receivable Report: It is a crucial element for any organisation that provide
credits to its customers. Managers can easily find out the defaulters by knowing there
remaining balance and they can change there credit policies accordingly. Separate
categories are formed for product and services whose payment are 30, 60, and 90 days
delayed. As in UK people are comfortable to purchase on credit basis, due to this Capital
purpose.ï‚· Cost accounting system: This system is implemented by manager in order to calculated
final cost required for run or operate business cycle. There will be many technique or
tools which useful to determine cost and profit generate by selling business units. Cost
accounting system is implemented by Capital Joinery Ltd in order to systematically
recognize total cost organization bear to make products as well as run their day to day
business activities. They generally use marginal, absorption, standard costing tools
which useful in accurately determine cost of business activities (Anderson, 2017, Baard
and Dumay, 2020).
ï‚· Price optimization system:This system is implemented by managers in order to
determine rate of price. As it is consider as factor which useful to generate profit. Thus
manager needs to choose their price rate which help in generate profit by satisfying
demand o0f customers. There will be many methods which manager of Capital Joinery
Ltd use to determine their price rate which includes, price penetration, price skimming,
price premium and discounting price method. Manager on the basis of stage of running
business cycle need to select and choose price method which useful in attain business
profits.
P2 Methods used for management accounting reports
Management Accounting Report
Management Accounting Report determine the financial status of a company. These
reports includes financial information right from records of accounting, transaction details,
profitability of a product, operating cost and regional sales over a period of time. With the help
of of these reports an organisation can plan, take decisions, regulate operations and also measure
the performance.
Types of Management Accounting Reports:
ï‚· Account Receivable Report: It is a crucial element for any organisation that provide
credits to its customers. Managers can easily find out the defaulters by knowing there
remaining balance and they can change there credit policies accordingly. Separate
categories are formed for product and services whose payment are 30, 60, and 90 days
delayed. As in UK people are comfortable to purchase on credit basis, due to this Capital
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Joinery providing there articles on credit. It keeps a record on balancing figure and deal
with customers accordingly. Capital Joinery changes its credit policy according to the
credit worth of the customers
ï‚· Budget Report: Theses reports helps to analyse the performance of company by
comparing them with past records. Prior years income and expenditures are considered
while estimating the budget for a period. Capital Joinery has budgeted the expenses in
advance regarding exporting of woods, which helps them to cut exporting cost and make
more profit. Good tools are used as compared to last year at low cost as they have find
new suppliers.ï‚· Performance Report: It is determine the outcome of an activity and work performance
of every employee or of over all company. This reports helps the manager to form
strategic decisions about future aspects. It maintain the accuracy about the performance
of an organisation. Capital Joinery with help of performance report consistently
performing well. By measuring there performance Capital Joinery has now increase its
net worth and has maintain to utilise the full efficiency of its employees. Performance
report provides them structure for future, on the other hand they have maintain the
quantity of woods. They have introduce different technology in there work with keeping
in mind the needs of there customers (Christensen, Skærbæk and Tryggestad, 2019) . Cost Managerial Accounting Report: This report consider all the cost that are incurred
in manufacturing the articles. Profit margins are determine by taking overhead, labour,
raw material cost and other cost that are taken in deliberation. All these totals are divided
by amount of articles produced. Capital Joinery maintained records of cost of wood,
exporting cost, labour cost and other raw materials such as clocks, iron pipes. This cost
keeping helps it to determine there total expenses and what cost they can set for there
windows, casements etc.
M1 Benefits of management accounting system.
Management accounting system Benefits and essential requirement of theses
system
Job costing system-based: Capital Joinery use this system in order to
with customers accordingly. Capital Joinery changes its credit policy according to the
credit worth of the customers
ï‚· Budget Report: Theses reports helps to analyse the performance of company by
comparing them with past records. Prior years income and expenditures are considered
while estimating the budget for a period. Capital Joinery has budgeted the expenses in
advance regarding exporting of woods, which helps them to cut exporting cost and make
more profit. Good tools are used as compared to last year at low cost as they have find
new suppliers.ï‚· Performance Report: It is determine the outcome of an activity and work performance
of every employee or of over all company. This reports helps the manager to form
strategic decisions about future aspects. It maintain the accuracy about the performance
of an organisation. Capital Joinery with help of performance report consistently
performing well. By measuring there performance Capital Joinery has now increase its
net worth and has maintain to utilise the full efficiency of its employees. Performance
report provides them structure for future, on the other hand they have maintain the
quantity of woods. They have introduce different technology in there work with keeping
in mind the needs of there customers (Christensen, Skærbæk and Tryggestad, 2019) . Cost Managerial Accounting Report: This report consider all the cost that are incurred
in manufacturing the articles. Profit margins are determine by taking overhead, labour,
raw material cost and other cost that are taken in deliberation. All these totals are divided
by amount of articles produced. Capital Joinery maintained records of cost of wood,
exporting cost, labour cost and other raw materials such as clocks, iron pipes. This cost
keeping helps it to determine there total expenses and what cost they can set for there
windows, casements etc.
M1 Benefits of management accounting system.
Management accounting system Benefits and essential requirement of theses
system
Job costing system-based: Capital Joinery use this system in order to
assign different kinds of jobs according to
work of departments as well as job costing
system is beneficial for calculate cost required
for calculation of cost of each job. Generally
this type of system is used in o5rder to control
cost of determine and assigning within the job.
Inventory management system: This system is required in order to interpret
time required for compete demand and supply
of customers which will useful in recognize
inflow as well as outflow of stock. Capital
Joinery implement inventory management
system in order to control and manage 5their
stock management cost and took decision
regarding those policies which will beneficial
in order to determine cost require to manage
and store stock (da Silva, Llewellyn and
Anderson-Gough, 2017).
Cost accounting system: Cost accounting system is required for
assigning and determine cost required for
completion of each business task. By using
marginal and standard cost accounting
manager of Capital Joinery able to decide the
reason of arise difference between standard and
actual on the basis of that they formulate
business policies which help in control
additional cost charged against running
operating business activities.
Price optimization system: This system is required in order to determine
rate of product which organization sell their
products. By using strategies of pricing
work of departments as well as job costing
system is beneficial for calculate cost required
for calculation of cost of each job. Generally
this type of system is used in o5rder to control
cost of determine and assigning within the job.
Inventory management system: This system is required in order to interpret
time required for compete demand and supply
of customers which will useful in recognize
inflow as well as outflow of stock. Capital
Joinery implement inventory management
system in order to control and manage 5their
stock management cost and took decision
regarding those policies which will beneficial
in order to determine cost require to manage
and store stock (da Silva, Llewellyn and
Anderson-Gough, 2017).
Cost accounting system: Cost accounting system is required for
assigning and determine cost required for
completion of each business task. By using
marginal and standard cost accounting
manager of Capital Joinery able to decide the
reason of arise difference between standard and
actual on the basis of that they formulate
business policies which help in control
additional cost charged against running
operating business activities.
Price optimization system: This system is required in order to determine
rate of product which organization sell their
products. By using strategies of pricing
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Capital Joinery able to generate profits by
selling their products at high price. They use
price penetration strategy which is beneficial in
attaining their business goals.
TASK 2
P3 Calculation of cost by using management accounting techniques.
Costing techniques: The procedure which help in analysis cost required for running
business activities is known as costing. Business entities have many options in order to recognize
cost of each business transaction (Durocher, Bujaki and Brouard, 2016).
Marginal costing: This technique is useful in calculate cost by determining relation
between profit and variable cost. This technique is also known as variable costing procedure. In
which only variable cost is consider in order to recognize profit and cost required for run
business activities.
marginal costing
Particulars May June
Sales 25000.. 18750..
Less: Variable costs
Sales commission 500.. 375..
Manufacturing cost 2000... 1500..
Direct material 6000.. 4500..
Direct labour 4000.. 3000..
Total cost 12500. 9375..
Contribution 12500. 9375..
Less: Fixed cost
Fixed selling 1000.. 1000..
Fixed production overhead 2000.. 2000..
selling their products at high price. They use
price penetration strategy which is beneficial in
attaining their business goals.
TASK 2
P3 Calculation of cost by using management accounting techniques.
Costing techniques: The procedure which help in analysis cost required for running
business activities is known as costing. Business entities have many options in order to recognize
cost of each business transaction (Durocher, Bujaki and Brouard, 2016).
Marginal costing: This technique is useful in calculate cost by determining relation
between profit and variable cost. This technique is also known as variable costing procedure. In
which only variable cost is consider in order to recognize profit and cost required for run
business activities.
marginal costing
Particulars May June
Sales 25000.. 18750..
Less: Variable costs
Sales commission 500.. 375..
Manufacturing cost 2000... 1500..
Direct material 6000.. 4500..
Direct labour 4000.. 3000..
Total cost 12500. 9375..
Contribution 12500. 9375..
Less: Fixed cost
Fixed selling 1000.. 1000..
Fixed production overhead 2000.. 2000..
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Fixed administration 3000.. 3000..
Net profit 6500. 3375..
Advantage
ï‚· This is consider as simple and easy procedure of determine profit as well as cost as in this
method adjusted of over or under absorption of stock are not consider during the time of
calculation of cost.
ï‚· In this method fixed cost are charged over completion of period of project time which
useful in decision making procedure.
Disadvantage
ï‚· Segregation between fixed and variable cost in case of long period of time is difficult.
ï‚· It is not essential that using marginal costing method help in provides accurate and
reliable business result (Dutta, Lawson and Marcinko, 2016).
Absorption costing: This is also part of costing technique in which cost are calculated on
the basis of ascertain each and every variable of trading statements. In absorption costing method
manager determine cost by recognize cost of raw materiel, labour and overhead. It is procedure
of charging each business cost.
absorption costing
Particulars May June
Sales 25000 18750
Less: Cost of goods sold..
Variable sales commission.. 500.. 275..
Variable manufacturing cost.. 2000.. 1500..
Direct material.. 6000.. 4500..
Direct labour.. 4000.... 3000..
Fixed production expenses.. 2000.. 2000..
Net profit 6500. 3375..
Advantage
ï‚· This is consider as simple and easy procedure of determine profit as well as cost as in this
method adjusted of over or under absorption of stock are not consider during the time of
calculation of cost.
ï‚· In this method fixed cost are charged over completion of period of project time which
useful in decision making procedure.
Disadvantage
ï‚· Segregation between fixed and variable cost in case of long period of time is difficult.
ï‚· It is not essential that using marginal costing method help in provides accurate and
reliable business result (Dutta, Lawson and Marcinko, 2016).
Absorption costing: This is also part of costing technique in which cost are calculated on
the basis of ascertain each and every variable of trading statements. In absorption costing method
manager determine cost by recognize cost of raw materiel, labour and overhead. It is procedure
of charging each business cost.
absorption costing
Particulars May June
Sales 25000 18750
Less: Cost of goods sold..
Variable sales commission.. 500.. 275..
Variable manufacturing cost.. 2000.. 1500..
Direct material.. 6000.. 4500..
Direct labour.. 4000.... 3000..
Fixed production expenses.. 2000.. 2000..
Gross profit.. 10500.. 7475..
Less: Selling and distribution costs..
Fixed selling.. 1000.. 1000..
Fixed administration.. 3000.. 3000..
Net profit.. 6500.. 3475..
reconciliation statement
Particulars May June
Profit/ loss under marginal costing.. 6500. 3375..
Less: Profit under absorption costing.. 6500.. 3475..
Add: closing stock.. 8000. 6400..
Over absorpiton.. 8000.. 6300..
material variances..
Particulars.. Amount
Material cost variance..
Standard cost.. 24000.
Actual cost.. 22400...
Result.. 1600.
Material price variance..
Less: Selling and distribution costs..
Fixed selling.. 1000.. 1000..
Fixed administration.. 3000.. 3000..
Net profit.. 6500.. 3475..
reconciliation statement
Particulars May June
Profit/ loss under marginal costing.. 6500. 3375..
Less: Profit under absorption costing.. 6500.. 3475..
Add: closing stock.. 8000. 6400..
Over absorpiton.. 8000.. 6300..
material variances..
Particulars.. Amount
Material cost variance..
Standard cost.. 24000.
Actual cost.. 22400...
Result.. 1600.
Material price variance..
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Standard price.. 12.
Actual price.. 9.3. .
Actual quantity.. 1000..
Result.. 2700..
Material usage variance..
Standard quantity.. 2000..
Actual quantity.. 2400..
Standard price.. 12..
Result.. -4800
Advantage
ï‚· This method is useful in control cost by identifying and adjusting over and under
absorption of stock.
ï‚· For small and medium size of organization this method is beneficial for assign job cost
and estimate business profits (Habib and Hasan, 2019).
Disadvantage
ï‚· This method is fail to analysis the relation between variable cost and profit as compare
with marginal costing.
ï‚· Profit of organization affected by increment and determine of the volume of production.
Standard costing method: This method is useful in formulate business policies. On the
basis of recognize difference between actual and standard cost required for completion of
business activities. For calculate gap arises between cost various variances are calculated which
helpful in decision making procedure ( Harper Dunn, 2018).
Managerial accounting technique of controlling and managing stock are define below
ï‚· LIFO: This is part of managing inventory technique in which manager use to select cost
of which product which purchased at very recent time.
ï‚· FIFO: In this method manager priorities those products or material which purchase for
very first time.
ï‚· Average cost method: Cost are calculated on the basis of averaging rate of each item.
Actual price.. 9.3. .
Actual quantity.. 1000..
Result.. 2700..
Material usage variance..
Standard quantity.. 2000..
Actual quantity.. 2400..
Standard price.. 12..
Result.. -4800
Advantage
ï‚· This method is useful in control cost by identifying and adjusting over and under
absorption of stock.
ï‚· For small and medium size of organization this method is beneficial for assign job cost
and estimate business profits (Habib and Hasan, 2019).
Disadvantage
ï‚· This method is fail to analysis the relation between variable cost and profit as compare
with marginal costing.
ï‚· Profit of organization affected by increment and determine of the volume of production.
Standard costing method: This method is useful in formulate business policies. On the
basis of recognize difference between actual and standard cost required for completion of
business activities. For calculate gap arises between cost various variances are calculated which
helpful in decision making procedure ( Harper Dunn, 2018).
Managerial accounting technique of controlling and managing stock are define below
ï‚· LIFO: This is part of managing inventory technique in which manager use to select cost
of which product which purchased at very recent time.
ï‚· FIFO: In this method manager priorities those products or material which purchase for
very first time.
ï‚· Average cost method: Cost are calculated on the basis of averaging rate of each item.
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LIFO
Date Receipts Issue Balance
Quantity
Unit
cost Amount Quantity
Unit
cost Amount Quantity Unit cost
Amoun
t
01/06/20 Balance 10.. 35.. 350..
01/06/09 15.. 38.. 570.. 15.. 38... 570..
01/06/15 12... 38.. 456.. 3.. 38.. 114..
10.. 35.. 350..
01/06/20 10... 32.. 320.. 3.. 38.. 114..
10.. 35.. 350..
10.. 32.. 320..
01/06/23 10.. 32.. 320 3.. 38.. 114..
10.. 35.. 350..
01/06/27 3.. 35.. 105... 3.. 38.. 114..
7. 35.. 245..
01/06/30 2.. 35 70... 3.. 38.. 114..
5.. 35.. 175..
Closing balance 27.. 951. 8.. 289..
AVERA
GE
COST
METHO
D
Date Receipts Issue Balance
Quantity
Unit
cost Amount Quantity
Unit
cost Amount Quantity Unit cost
Amoun
t
01/06/20 Balance 10.. 35.. 350..
01/06/09 15.. 38.. 570.. 15.. 38... 570..
01/06/15 12... 38.. 456.. 3.. 38.. 114..
10.. 35.. 350..
01/06/20 10... 32.. 320.. 3.. 38.. 114..
10.. 35.. 350..
10.. 32.. 320..
01/06/23 10.. 32.. 320 3.. 38.. 114..
10.. 35.. 350..
01/06/27 3.. 35.. 105... 3.. 38.. 114..
7. 35.. 245..
01/06/30 2.. 35 70... 3.. 38.. 114..
5.. 35.. 175..
Closing balance 27.. 951. 8.. 289..
AVERA
GE
COST
METHO
D
Date Receipts Issue Balance
Quantity
Unit
cost Amount Quantity
Unit
cost
Amoun
t Quantity Unit cost Amount
01/06/20 Balance 10.. 35... 350..
01/06/09 15.. 38.. 570.. 25.. 36.5.. 912.5..
01/06/15 12.. 36.5.. 438.. 13.. 36.5.. 474.5..
01/06/20 10.. 32.. 320.. 23.. 34.25.. 787.75..
01/06/23 10..
34.25
.. 342.5.. 13.. 34.25.. 445.25..
01/06/27 3..
34.25
.. 102.75.. 10.. 34.25.. 342.5..
01/06/30 Closing balance 2..
34.25
.. 68.5.. 8.. 34.25.. 274..
AVERA
GE
COST
METHO
D
Date Receipts Issue Balance
Quantity
Unit
cost Amount Quantity
Unit
cost Amount Quantity Unit cost Amount
01/06/20 Balance 10.. 35.. 350..
01/06/09 15... 38.. 570.. 25.. 36.5.. 912.5..
01/06/15 12.. 36.5.. 438.. 13.. 36.5.. 474.5..
01/06/20 10.. 32.. 320.. 23.. 34.25.. 787.75..
Quantity
Unit
cost Amount Quantity
Unit
cost
Amoun
t Quantity Unit cost Amount
01/06/20 Balance 10.. 35... 350..
01/06/09 15.. 38.. 570.. 25.. 36.5.. 912.5..
01/06/15 12.. 36.5.. 438.. 13.. 36.5.. 474.5..
01/06/20 10.. 32.. 320.. 23.. 34.25.. 787.75..
01/06/23 10..
34.25
.. 342.5.. 13.. 34.25.. 445.25..
01/06/27 3..
34.25
.. 102.75.. 10.. 34.25.. 342.5..
01/06/30 Closing balance 2..
34.25
.. 68.5.. 8.. 34.25.. 274..
AVERA
GE
COST
METHO
D
Date Receipts Issue Balance
Quantity
Unit
cost Amount Quantity
Unit
cost Amount Quantity Unit cost Amount
01/06/20 Balance 10.. 35.. 350..
01/06/09 15... 38.. 570.. 25.. 36.5.. 912.5..
01/06/15 12.. 36.5.. 438.. 13.. 36.5.. 474.5..
01/06/20 10.. 32.. 320.. 23.. 34.25.. 787.75..
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