asset
current asset
Financial Accounting
Financial Accounting
The working capital cycle for a
manufacturing or service business
Financial Accounting
Working capital
Financial Accounting
Inventories (stocks)
Finished goods
Financial Accounting
Financial Accounting
Raw materials:
Financial Accounting
Trade debtors are
Other debtors
Financial Accounting
Financial Accounting
Notes Year 7 Year 6
£m
243
Financial Accounting
£m
54
10
Note 6 Year 7 Year 6
£m
1,218
(48)
Financial Accounting
L OI
Financial Accounting
Financial Accounting
Meaning of cost
Financial Accounting
Financial Accounting
First-In-First-Out (FIFO)
Last-In-First-Out (LIFO)
Average cost
Financial Accounting
Units Units
Total 150 3,100 130
Financial Accounting
Basis Date Quantity and
unit price
Issued to
production
Held in
inventory
(stock)
Total
FIFO