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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).
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