October 2017
Intermediate to advanced
806 pages
17h 3m
English
Let's execute the business flow with Real Price as the costing method for the product internal category:
|
Seq. |
Cost Price of Product |
(Sale / Purchase) |
Inventory Valuation |
Cost Price of Product (after Operation) |
|
1 |
60 |
100 quantity at the rate of 70 |
7,000 100 qty * rate @ 70 |
60 |
|
2 |
60 |
100 quantity at the rate of 75 |
14,500 100 qty * rate @ 70 100 qty * rate @ 75 |
60 |
|
3 |
60 |
100 quantity at the rate of 65 |
21,000 100 qty * rate @ 70 100 qty * rate @ 75 100 qty * rate @ 65 |
60 |
|
4 |
60 |
Sale of a quantity of 150 of material |
10,250 50 qty * rate @ 75 100 qty * rate @ 65 |
71.67 (it is the rate at which the quantity of 150 is sold out) |
There were three different lots of Material ...
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