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1. The following are the stock movements of stock item R2: Receipts Issues (units) 01 April (units) 1,000 at 12 each 04 April 2.000 at

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1. The following are the stock movements of stock item R2: Receipts Issues (units) 01 April (units) 1,000 at 12 each 04 April 2.000 at 14 each 11 April 3,000 at 15 each 13 April 2.000 22 April 2,000 at 15 each 26 April 5,500 There was no opening stock. TASKS a) Prepare stock cards for stock item R2, showing the value of each of the two issues and the value of closing stock using EACH of the following stock pricing methods: 1 FIFO ii LIFO ili AVCO[15] b) Explain the benefits of using a computerised stock control system. [5] END TOTAL MARKS [20]

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