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E1 API Manufacturing has extracted the following store data for part no A5110 for the month of October: Issued to production Date 1/5 3/5 8/5
E1 API Manufacturing has extracted the following store data for part no A5110 for the month of October: Issued to production Date 1/5 3/5 8/5 10/5 15/5 Receipt 70 kg 90 kg Purchase per unit 30.50 31.50 80 180 kg 32.20 110 Required: Using the FIFO and LIFO methods to calculate the Cost of materials issued to production and balance of raw materials in Store Department. 1
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