Resources for teachers (and students) of bookkeeping and accountancy

xlsx, 18.43 KB
xlsx, 18.43 KB

Relevant to AAT Level 2 Elements of Costing. This activity requires students to complete a stock record card-calculating an issue price, and the balance of inventory value. Three sections-FIFO, LIFO, AVCO. Additional task requires students to calculate Sales, Cost of Sales and Gross Profit under the three methods. Illustrates which method may give highest inventory value, highest profit, etc.
Students can complete on paper or in Excel. Answer is provided.


Something went wrong, please try again later.

This resource hasn't been reviewed yet

To ensure quality for our reviews, only customers who have purchased this resource can review it

Report this resourceto let us know if it violates our terms and conditions.
Our customer service team will review your report and will be in touch.