Re unit 15 osborne

Terdoo
Terdoo Registered Posts: 144 Dedicated contributor 🦉
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

  • Terdoo
    Terdoo Registered Posts: 144 Dedicated contributor 🦉
    Re Osborne uni 15

    Still waiting for reply (Cash management)?
  • sdv
    sdv Registered Posts: 585 Epic contributor 🐘
    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
    Terdoo Registered Posts: 144 Dedicated contributor 🦉
    Re Cash Management osborne

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

    Thank you in advance
  • exam panic
    exam panic Registered Posts: 157 Dedicated contributor 🦉
    15

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