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