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Below are the transactions recorded in the store department of a production unit during the month of December, 20x1. It follows FIFO method of valuation
Below are the transactions recorded in the store department of a production unit during the month of December, 20x1. It follows FIFO method of valuation for all its issues to production and also for the valuation of closing stock. Dec. 07 Received 2,000 units @\$24 each unit Dec .08 Issued $1,600 units to production Dec. 13 Received 2,300 unist @ \$25each unit Dec. 15 Issued 1,800 units to production Dec. 21 Received 1,500 units @ \$26 per unit Dec. 22 Received 650 units @ 25 per unit Dec. 23 Issued 2600 units to production You are required to calculate the price of issues and closing stock for the month
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