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II. The company Alfa on March 1st, 2017 had in their warehouse [10 points]: material X: 100 units at 10.00 /unit. finished product Y :

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II. The company Alfa on March 1st, 2017 had in their warehouse [10 points]: material X: 100 units at 10.00 /unit. finished product Y : 1600 units at 22.00 /unit. In January, the following events occurred concerning material flow: 2.03 - purchase of 100 unit of material X at 15.00 /unit 7.03 - production of 400 units of finished product Y at 20.00/unit 12.03 - outflow of 80 units of material X 20.03 - outflow of 1700 units of finished product Y 27.03 - outflow of 300 units of finished product Y Required: Calculate value of material outflow after each outflow, total cost of goods sold and the closing inventory balance of material X and finished product Y using the following methods: a) weighted average cost b) FIFO

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