Cosmos traders are wholesale distributors of raw material in UAE. The following transactions are related to the receipts and issues during the month of January 2019 of the company. From the given real-life scenario identify the correct method of valuing material issues and Prepare store ledger for the company and also justify your selection with logical arguments.

Scenario 1 Cosmos traders are wholesale distributors of raw material in UAE. The following transactions are related to the receipts and issues during the month of January 2019 of the company. From the given real-life scenario identify the correct method of valuing material issues and Prepare store ledger for the company and also justify your selection with logical arguments. Date Particulars Particulars Quantity (in units) Purchased 300 Units Rate per unit S3 2019 January 1. $4 January 2. January 3. January 4. January 5. January 6 January 8 Purchased Issued Purchased Issued Purchased $4 600 Units 500 Units 700 Units 800 Units 300 Units 100 Units $5 Issued