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77% . Maxis StayAtHome 4G 9:07 AM Personal Hotspot: 1 Connection TUTORIAL CH... TUTORIAL CHAPTER 9: INVENTORY VALUATION QUESTION 1 The following information relates to
77% . Maxis StayAtHome 4G 9:07 AM Personal Hotspot: 1 Connection TUTORIAL CH... TUTORIAL CHAPTER 9: INVENTORY VALUATION QUESTION 1 The following information relates to the stores transactions for the month of January 2020 for Alya Maisarah Sdn. Bhd. Date 2020 Receipts (units) 250 Unit cost (RM) 7.00 Issued (units) Market price (RM) January 120 50 18.00 19.00 400 720 1 3 7 11 15 19 24 28 31 300 7.50 170 80 30 150 90 18.00 18.50 19.50 18.20 18.50 100 7.25 Required: (0) Calculate the value of stock at 31 July 2019 for both of periodic and perpetual stock systems using the following methods of valuation : a) FIFO b) LIFO c) AVCO. (ii) Show the comparison in the profit figures for the three (3) methods using periodic and perpetual stock system
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