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3. Calculate the cost of raw materials issued, from the following data, using- a) the FIFO method b) the LIFO method c) the AVCO method
3. Calculate the cost of raw materials issued, from the following data, using- a) the FIFO method b) the LIFO method c) the AVCO method Issues January8RM10.00 February 8RM10.20 April June July September 10@RM11.00 November RM11.10 March May August October December 12 5@ RM10.30 8 @RM10.50 4@RM10.60 10 12 Show what the profit would be for each method used, if the goods issued were eventually sold for RM20 each
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