Solution-Compute the cost of issues during the month

Compute the cost of issues during the month

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Reference no: EM132940559

Question - Given the following data, compute for what is ask. Show your solution.

The stock record for component BXY for the month of January showed:

Date Receipts Units Value K'000 Issues Units

Opening stock 500 1,250

5 January 1,000 2,750

12 January 1,600 4,480

18 January 1,200 3,480

19 January 2,100

25 January 1,500 4,350

31 January 1,800

Required -

A. Using the FIFO method of pricing issues, compute for the cost of issues (in K'000) during the month.

B. Using the LIFO method of pricing issues, compute for the value of stock at 31st January issues (in K'000).

C. Using the AVCO method of pricing issues, at what price would the issues on 31st January be made (calculate to two decimal places).

Reference no: EM132940559

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Compute the cost of issues during the month

Reference no: EM132940559

Reference no: EM132940559

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