Stock record cards

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Please could someone confirm if the following layout of the total colume is exceptable for a stores ledger account

QTY UNIT PRICE £ 60,200 2.20 132,440
11,400 2.50 28,500

or should should i have totaled it as in
71,800 160,940
as is shown in some or the answer sheets i have.
this would be using the FIFO or LIFO method not AVCO

Hope this makes sence

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Stock record cards

    Hi,
    I do the same layout as you, when I asked my tutor she said that it was alright to do it that way if you feel more comfortable with it.
    aly
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Stock record cards

    thanks for that alynig

    last thing i want to worry about this weekend is have to remember different layouts

    Lyn
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