Re unit 15 osborne

Terdoo

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

Terdoo

Re Osborne uni 15

Still waiting for reply (Cash management)?

sdv

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

Terdoo

Re Cash Management osborne

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

Thank you in advance

exam panic

15

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