Bisma purchased raw materials during the month of Mar 2009 as stated below:
Mar 3 |
800 units @ Rs 60 per unit |
Mar 7 |
1,200 units @ Rs 55 per unit |
Mar 10 |
2,500 units @ Rs 57 per unit |
Mar 17 |
3,000 units @ Rs 54 per unit |
Mar 26 |
1,500 units @ Rs 58 per unit |
Mar 30 |
1,000 units @ Rs 63 per unit |
While preparing the final accounts on Mar 31, 2009, Bisma had 1,300 units of raw materials in his godown. You are requested to calculate the value of Closing Stock of raw materials according to FIFO and WAP methods.