using all 4 inventory valuing methods determine the value of the material used as well as what is left on hand
standard cost =$7.00
starting balance=1,000X $7,000
shipment in order of receipt
#1 4000 @ $10.00
#2 2000 @ $11.00
#3 6000 @ $8.00
total used = 8350
please when answering my question show the solution in steps so that I can understand and be able to do it myself next time. Thanks.