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Re unit 15 osborne

TerdooTerdoo Well-KnownRegistered Posts: 144
I am struggling to understand the practice simulation question in the osborne book ( Sleepy Hollow Limited) the purchases workings on the raw material In Jan was 52000, Feb 56000, Mar 50000 and Apr 55000 can someone explain how they arrived to these figure please ?can't get my head around it.

Just practising for a resit

Thanks in advance

Comments

  • TerdooTerdoo Well-Known Registered Posts: 144
    Re Osborne uni 15

    Still waiting for reply (Cash management)?
  • sdvsdv Experienced Mentor Registered Posts: 585
    Raw Material Workings

    .....................................Jan..........Feb..........Mar..........APR
    Open Stock..................40,000.......40 000.....40 000......30 000

    Purchases....................52 000.......56 000,,,,,50 000.....55 000

    Production..................(52 000).....(56 000)...(60 000),,(65 000)

    Closing Stock................40 000.......40 000.....30 000.....20 000
  • TerdooTerdoo Well-Known Registered Posts: 144
    Re Cash Management osborne

    how do you work out 52000 could you please show some workings please

    Thank you in advance
  • exam panicexam panic Well-Known Registered Posts: 157
    15

    Like you work out on purchase (OPENNING STOCK +PURCHASE-CLOSING STOCK)
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