Red Ltd recorded the following data in May 2009:
|
May 1 |
Opening Stock |
100 units |
@ Rs 40 each |
|
May 5 |
Purchases |
200 units |
@ Rs 44 each |
|
May 15 |
Purchases |
200 units |
@ Rs 48 each |
|
May 25 |
Purchases |
100 units |
@ Rs 52 each |
|
May 30 |
Purchases |
200 units |
@ Rs 60 each |
Sales during the month were 300 units.
Compute the value of ending stock on the base of FIFO, LIFO and WAP methods.