The following information is provided by Coorg Coffee manufacturing unit for the fortnight of April 1996:
|
Material A |
|
|
Stock on 1 April 1996 |
100 units at Rs 5 per unit |
|
Purchases: 5 April 1996 |
300 units at Rs 6 |
|
8 April 1996 |
500 units at Rs 7 |
|
12 April 1996 |
600 units at Rs 8 |
|
Issues: 6 April 1996 |
250 units |
|
10 April 1996 |
400 units |
|
14 April 1996 |
500 units |
Calculate the value of material consumed during the period under LIFO method.