00:01
Cost of sales of companies in wales closing balance of finished goods plus work in progress inventory converted to finished goods minus closing balance of finished goods putting the values here, opening balance is 22 ,115 plus 81 ,715 minus 33 ,115.
00:53
So the cost of sales will come out as 70 ,750.
00:58
Amount not charged of cleaning material will be opening balance plus purchases minus closing balance amount already charged.
01:23
Putting the values here opening balance is 750 plus 2400 minus 650 minus 2400 amount not charged for cleaning material will be 100 all journal entry will be to record inventory recognized so profit and loss return down of inventory account debited with 7000 it is calculated by subtracting 45 ,000 from 52 ,000 to to provision for written down inventory account debited with 7000.
02:27
Next journal entry will be to write off damage inventory raw materials.
02:32
So, profit and loss, inventory raw materials, return of account, debited with 2000.
02:51
It is calculated by subtracting 40 ,000 from 42 ,000 to inventory raw materials account credited with 2000...