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Use both FIFO and WEIGHTED AVE in computing the required balances:
June 1 Balance 800 @ P4.00
June 3 Issued 50
June 5 Purchased 300 @ P4.50
June 6 Issued 250
June 15 Issued 400
June 18 Purchased 300 @ P5.00
June 25 Issued 100
Problem 1. Using FIFO method compute for the cost of
a. Inventory Value
b. Materials Issued
Problem 2. Using average method compute for the cost of
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