1. Using FIFO method, compute for the cost of:

a. Inventory Value

b. Materials Issued

2. Using average method, compute for the cost of:

c. Inventory Value

d. Materials Issued

June 1 Balance 800 @P4.00 50 300 @ P4.50 250 June 3 Issued June 5 Purchased June 6 Issued June 15 Issued June 18 Purchased June 25 Issued 400 300 @ P5.00 100