Calculate the value of Closing Stock of raw materials according to FIFO, LIFO and WAP basis.

A company, started on Jan 1, 2009 purchased raw material during 2009 as stated below:

Jan 2

( 800 kg @ Rs 62 per kg)

Feb 26

(1,200 kg @ Rs 57 per kg)

Apr 13

(2,500 kg @ Rs 59 per kg)

July 10

(3,000 kg @ Rs 56 per kg)

Sep 18

(1,500 kg @ Rs 60 per kg)

Nov 29

(1,000 kg @ Rs 65 per kg)

While preparing the final accounts on Dec 2009, the company had 1,300 kg of raw materials in its godown.

Required

Calculate the value of Closing Stock of raw materials according to FIFO, LIFO and WAP basis.

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