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Q2. Al Maha Company provided following information for three-Month period from October, November and December There was no Opening stock for the month of October.

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Q2. Al Maha Company provided following information for three-Month period from October, November and December There was no Opening stock for the month of October. Purchases done on 2 October 200 units @ 12 per unit, 8 October 150 units @14 per unit, 17 October 225 units @13 per unit 25 October 300 units @ 12 per unit and Issues were made on 3rd October 125 units, 15 October 200 units and 30 October 150 units. Stock on 15 November 150 units @OMR 22 per unit On November 4, Purchased 320 units @OMR 30 November 12, purchased 215 units @OMR 35, November 15, purchased 200 units @ OMR 40. November 28, purchased 200 units @OMR 47. November 5, issued 225 Units, November 14, issued 190 units, November 20, issued 200 units, November 25, issued 250 units, November 30, Issued 90 units. Stock on 1" December 130 units @ OMR 47 per unit and Purchases done on 5 December 200 units @ 52 per unit, 9 December 150 units @54 per unit, 17 December 225 units @ 53 per unit 26 December 300 units @ 49 per unit and Issues were made on 7th December 225 units, 10 December 200 units and 19 December 150 units. a. Prepare stock register using Weighted Average Method for the Period of November. (5 Marks) b. Explain with example applicability of LIFO and FIFO method (2 Mark)

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