CHARPAT
Apr 11, 2013, 11:30 AM
Can you assist with the solution to the following:
The following transactions took place
Units Unit Cost Total Cost
Opening Balance 100 2.00 200
Receipts – 3 May 400 2.10 840
Issues – 4 May 200
Receipts – 9 May 300 2.12 636
Issues – 11 May 400
Receipts – 18 May 100 2.40 240
Issues – 20 May 200
Calculate the value of all issues and of closing inventory using FIFO, LIFO and AVCO
The following transactions took place
Units Unit Cost Total Cost
Opening Balance 100 2.00 200
Receipts – 3 May 400 2.10 840
Issues – 4 May 200
Receipts – 9 May 300 2.12 636
Issues – 11 May 400
Receipts – 18 May 100 2.40 240
Issues – 20 May 200
Calculate the value of all issues and of closing inventory using FIFO, LIFO and AVCO