(c) The manager of Strathmore catering services Itd has been concerned by the lack of accurate store records in relation to Soko Baking flour. The manager is worried by the increasing Soko baking flour cost that has been incurred over the last few months. The following information has been extracted from the goods received note, invoices and other source documents. Soko Baking Flour June 3 Bought 100 Kgs @ 120 per Kg June 5 Bought 100 Kgs @ 140 per Kg June 6 Issued 150 Kgs June 8 Bought 250 Kgs @ 130 per Kg June 14 Issued 100 Kgs June 22 Bought 200 Kgs @ 150 per Kg June 28 Issued 200 Kgs

(c) The manager of Strathmore catering services Itd has been concerned by the lack of accurate store records in relation to Soko Baking flour. The manager is worried by the increasing Soko baking flour cost that has been incurred over the last few months. The following information has been extracted from the goods received note, invoices and other source documents. Soko Baking Flour June 3 Bought 100 Kgs @ 120 per Kg June 5 Bought 100 Kgs @ 140 per Kg June 6 Issued 150 Kgs June 8 Bought 250 Kgs @ 130 per Kg June 14 Issued 100 Kgs June 22 Bought 200 Kgs @ 150 per Kg June 28 Issued 200 Kgs

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter2: Accounting For Materials

Section: Chapter Questions

Problem 10P

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