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Calculate the cost of the material issued to production

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Reference no: EM132654990

ABC Company produces bicycle tires. Below is given the material receipts and issues for March.

Quantity Unit Cost Transaction (kg ($) Total Cost

March 1st, Beginning inventory 250 312,50 78.125

March 6th, issued 125

March 13rd, purchase 190 375 71.250

March 17th, purchase 315 400 126.000

March 19th, issued 250

March 25th, purchase 75 415 31.125

March 27th, issued 100 March 31th, issued 325

Problem 1: According to the FIFO method, calculate the cost of the material issued to production

Reference no: EM132654990

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