Question

The stock record for component BXY for the month of January showed: Date Receipts Units Value K’000 Issues Units Opening stock 500 1,250 5 January 1,000 2,750 12 January 1,600 4,480 18 January 1,200 3,480 19 January 2,100 25 January 1,500 4,350 31 January 1,800 A. Using the FIFO method of pricing issues, compute the cost of issues (in K’000) during the month. B. Using the LIFO method of pricing issues, compute the value of stock at 31st January (in K’000). C. Using the AVCO method of pricing issues, calculate the price at which the issues on 31st January would be made (calculate to two decimal places).

          The stock record for component BXY for the month of January showed:
Date Receipts
Units Value
K’000 Issues
Units
Opening stock 500 1,250 
5 January 1,000 2,750 
12 January 1,600 4,480 
18 January 1,200 3,480 
19 January 2,100
25 January 1,500 4,350 
31 January 1,800

A. Using the FIFO method of pricing issues, compute the cost of issues (in K’000) during the month.

B. Using the LIFO method of pricing issues, compute the value of stock at 31st January (in K’000).

C. Using the AVCO method of pricing issues, calculate the price at which the issues on 31st January would be made (calculate to two decimal places).

Added by Ryan N.

Question

Please give Ace some feedback