Average costing
Hello
I was checking some transaction related to an item,The information is
On fresh system(average costing)
Item name :ABC
Purchase
1JAN2011 4qty@180 Rs 720
2JAN2011 5qty@200 Rs 1000
3JAN2011 9qty@200 Rs 1800
What will be the unit cost of item ABC after these transaction?
Sales
5JAN2011 4qty@200 Rs 800(sale)
5Jan2011 3qty@195.55667 Rs 586.67(sale return)
How cost is calculated in sale return on 5jan2011?
I was checking some transaction related to an item,The information is
On fresh system(average costing)
Item name :ABC
Purchase
1JAN2011 4qty@180 Rs 720
2JAN2011 5qty@200 Rs 1000
3JAN2011 9qty@200 Rs 1800
What will be the unit cost of item ABC after these transaction?
Sales
5JAN2011 4qty@200 Rs 800(sale)
5Jan2011 3qty@195.55667 Rs 586.67(sale return)
How cost is calculated in sale return on 5jan2011?
1