Calculate the cost of materials issued to production

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Reference no: EM133122524

Question - API Manufacturing has extracted the following store data for part no A5110 for the month of October:

Date

Receipt

Purchase per unit

Issued to production

1/5

70 kg

30.50


3/5

90 kg

31.50


8/5



80

10/5

180 kg

32.20


15/5



110

Required - Using the FIFO and LIFO methods to calculate the Cost of materials issued to production and balance of raw materials in Store Department.

Reference no: EM133122524

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