January 70 100 80 25 25 25 1,750 2,500 2,000 3 4 8 13 14 15 16 12,500 10.750 8,250 6,250 11,150 11,510 11,390 430 330 250 450 465 460 200 15 *24.5 24.0 34,900 360 24 52 101 170) 111 24 24.5 120 2401 4,165) 280 20 24 240 24.75 5,940 520 6,985 12,925 240 30 34 24.75 24.50 25.00 5,940 735 850 25 320 24.50 216 536 1 5,400 13,240 7,840 y31 26 27 28 31 424 436 428 528 82 196 > 112 24.50 2.744 10,496 12 24.50 294 10.790 24.50 10,594 100 25.00 2,500 13,094 1. Returned to stores; 2. shortage Value of materials on January 31, 13,094 P.8.21 The following are the transactions in respect of purchase and issue of components forming a part of an assembly of a product manufactured by a firm which required to update its cost of production, very often for bidding tenders and finalising cost plus contracts: January 5 1,000 units purchased @ 12 each 11 Issued 2,000 units to production February 1 1,500 units purchased @ 13 each 18 Issued 2,400 units to production Issued 1,000 units to production March 1,000 units purchased @ 14 each 1,500 units purchased @ 15 each 28 2,000 units issued to production Stock on January, 1 was 5,000 units valued at 211 each. State the method you would adopt in pricing the issue of components, giving reasons. What value would you place on stocks as on March 31, which happens to be financial year-end? 26 8 17