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Luvuno Company uses the first-in-first-out (FIFO) method to charge material issue costs to production. Opening inventory of Material Aye at the beginning of April was
Luvuno Company uses the first-in-first-out (FIFO) method to charge material issue costs to production. Opening inventory of Material Aye at the beginning of April was 30 units valued at R1 350 . Movements of Material Aye during April were as follows: Receipts during April were as follows: 4 April Received 270 units @ R40 per unit. 22 April Received 90 units @R46 per unit. During April the following issues were took place: 9 April Issued 210 units. 14 April issued 60 units. 24 April issued 60 units. Required: Calculate the missing data by choosing the correct answer from the options provided: Calculate the missing data by choosing the correct answer from the options provided
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