The following are the details of “X” Ltd
|
1.1.2009 |
Opening stock: “nil” |
|
|
1.1.2009 |
Purchases |
200 units @ Rs 15 per unit |
|
15.1.2009 |
Issues |
100 units |
|
1.2.2009 |
Issues |
400 units @ Rs 20 per unit |
|
15.2.2009 |
Issues |
200 units |
|
20.2.2009 |
Issues |
200 units |
|
1.3.2009 |
Purchases |
300 units @ Rs 25 per unit |
|
15.3.2009 |
Issues |
200 units |
Required
Find out the value of stock as on 31.3.2009 if the company follows:
FIFO, LIFO and WAP Basis