MGT402 Assignment No 1 Spring 2017
Dear Students, Here You can read and Download MGT402 - Cost and Management Accounting Assignment No 1 Spring 2017 Solution and Discussion. MGT402 Assignment Due Date: May 11, 2017. Solution file in .docx and pdf format has been added at the end of this article. |
| MGT402 Assignment No 1 Solution Spring 2017 |
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MGT402 Assignment Deadline:
- Make sure to upload the solution file before the due date on VULMS.
- Any submission made via email after the due date will not be accepted.
MGT402 Assignment Formatting Guidelines:
- Use the font style “Times New Roman” or “Arial” and font size “12”.
- It is advised to compose your document in MS-Word format.
- You may also compose your assignment in Open Office format.
- Use black and blue font colors only.
MGT402 Assignment Rules for Marking :
Please note that your assignment will not be graded or graded as Zero (0), if:- It is submitted after the due date.
- The file you uploaded does not open or is corrupt.
- It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF etc.
- It is cheated or copied from other students, internet, books, journals etc.
MGT402 Assignment Question No 01:
(5 marks)
Mr. Ikram - sole proprietor established a small company for dealing in leather products. During April 2017, company’s books of accounts show the following information as:
Cost of goods manufactured Rs. 760,000 for 4,200 units Finished goods inventory on 1st April Rs. 52,000 for 1,800 units Finished goods inventory on 30th April 430 units
Assignment Requirement:
By considering the above mentioned information, you need to:
Cost of goods manufactured Rs. 760,000 for 4,200 units Finished goods inventory on 1st April Rs. 52,000 for 1,800 units Finished goods inventory on 30th April 430 units
Assignment Requirement:
By considering the above mentioned information, you need to:
- Calculate closing finished goods amount
- Prepare Cost of goods sold statement
MGT402 Assignment Question No 02:
(5 marks)
150 units of product “Alpha” at Rs. 12.5 per unit were in store on 1st April, 2017. During the month company made some receipts and payment of stock which are given as:
April 05 received 120 units @ Rs. 13.25 per unit April 11 issued 100 units
April 19 received 80 units @ Rs. 14.00 per unit April 26 issued 210 units
Assignment Requirement:
With the help of above mentioned information and Weighted Average method, you need to calculate the
150 units of product “Alpha” at Rs. 12.5 per unit were in store on 1st April, 2017. During the month company made some receipts and payment of stock which are given as:
April 05 received 120 units @ Rs. 13.25 per unit April 11 issued 100 units
April 19 received 80 units @ Rs. 14.00 per unit April 26 issued 210 units
Assignment Requirement:
With the help of above mentioned information and Weighted Average method, you need to calculate the
- Cost of purchases
- Cost of sales
- Cost of ending inventory
MGT402 Assignment No 1 Solution
You can Download mgt402 Assignment solution file in .docx and pdf format from the links below.
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