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Final Assignment

The document outlines an assignment for the Cost Accounting Group 6 at Ahmadu Bello University, supervised by Dr. Muhammad Dahir Tahir. It includes a list of group members and a case study involving KANAWA Company Limited's inventory purchases and issues in 2024, requiring calculations using various accounting methods. The assignment specifies the need for detailed store ledger workings for FIFO, LIFO, Simple Average, Simple Periodic, Weighted Average, and Weighted Periodic methods.

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2 views2 pages

Final Assignment

The document outlines an assignment for the Cost Accounting Group 6 at Ahmadu Bello University, supervised by Dr. Muhammad Dahir Tahir. It includes a list of group members and a case study involving KANAWA Company Limited's inventory purchases and issues in 2024, requiring calculations using various accounting methods. The assignment specifies the need for detailed store ledger workings for FIFO, LIFO, Simple Average, Simple Periodic, Weighted Average, and Weighted Periodic methods.

Uploaded by

ayomidejoseph685
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Ahmadu Bello University

Cost Accounting Group 6 Assignment

Tutor: Dr Muhammad Dahir Tahir

Group Members:
1. Olaniyi Ebenezer Adebola - U25DLAC30018

2. Shokunbi Ayomide Joseph - U24DLAC20044

3. Akoh David Ogwuche - U25DLAC30203

4. Igbokwe Uju Francisca - U24DLAC20047

5. Alawode Azeez Odunayo - U25DLAC30047

6. Okufuwa Olulola - U24DLAC20054

7. Taiwo Olayinka Racheal - U25DLAC30213

8. Evelyn Ali Aboi - U24DLAC20062

9. Afolayan Kehinde Joshua - U25DLAC30078

10. Adelakun Rebecca Omodurodola - U25DLAC30064

11. Okelola Rukayat Bukola - U24DLAC20050

12. Musa Bilikisu - U25DLAC30112

13. Joy Olowo - U25DLAC30110

14. Anthony John Oshanoh - U23DLAC30391

15. Okunuga Adebisi Adeola - U25DLAC30220

16. Chapi Solomon - U25DLAC30339

Question
KANAWA Company Limited purchased the following articles in 2024:

Jan: 4000 units @ 100 each


Feb 4: 3000 units @ 125 each
Apr 21: 6000 units @ 150 each

Issues were made as follows:


Jan 10: 1600 units
Feb 15: 2000 units
Mar 30: 1200 units
Apr 30: 4000 units

Required:
i. FIFO method
ii. LIFO method
iii. Simple Average method
iv. Simple Periodic method
v. Weighted Average method
vi. Weighted Periodic method

Note: Attach detailed store ledger workings.

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