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Determine the cost of each of issues under perpetual system

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Reference no: EM132550666

During June, the receipts and issuances of Material No. A2FO are as follows:

Received

June 3

Balance          1,100 units at $15

16                  1,700 units at $17

29                   900 units at $18

Issued

June 11         700 units for Job No. 116

18                1,900 units for Job No. 117

30                 800 units for Job No. 118

Question a. Determine the cost of each of the three issues under a perpetual system, using the first-in, first-out method.

Reference no: EM132550666

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