From the following data compute the Cost of Goods Sold and Closing Inventory under FIFO, LIFO and WAC methods of inventory valuation:
Nov 1: Stock in hand 250 units @ Rs9 each
|
Purchases |
|
|
Nov 2 |
(250 units @ Rs 11 each) |
|
Nov 9 |
(500 units @ Rs 12 each) |
|
Nov 17 |
(300 units @ Rs 10 each) |
|
Nov 22 |
(250 units @ Rs 12 each) |
|
Nov 29 |
(200 units @ Rs 13 each) |
|
Issues |
|
|
Nov 4 |
(200 units) |
|
Nov 7 |
(250 units) |
|
Nov 15 |
(450 units) |
|
Nov 20 |
(250 units) |
|
Nov 30 |
(300 units) |