Q2. The new productive undertaking purchased from time-to-time quantities of commodities used in production of one of its products, the following details are available regarding the stock of materials and its movement during the three-Month period from March, April, and May.

There was no Opening stock for the month of March. Purchases done on 2 March 200 units @ 12 per unit, 8 March 150 units @14 per unit, 17 March 225 units @13 per unit, 25 March 300 units @ 12 per unit and Issues were made on 3rd March 125 units, 15 March 200 units and 30 March 150 units.

Stock on 1st April 130 units @ OMR 47 per unit and Purchases done on 5 April 200 units @ 52 per unit, 9 April 150 units @54 per unit, 17 April 225 units @ 53 per unit, 26 April 300 units @ 49 per unit and Issues were made on 7th April 225 units, 10 April 200 units and 19 April 150 units.

Stock on 1st May 150 units @OMR 22 per unit On May 4, Purchased 420 units @OMR 30,

May 12 Purchased 215 units @OMR 35, May 15 Purchased 200 units @ OMR 40, May 28 Purchased 400 units @OMR 47, May 5 Issued 225 Units, May 14 Issued 190 units, May 20 Issued 200 units, May 25 Issued 250 units, May 30 Issued 90 units.

1. You are required to prepare stock register using FIFO Method for the Period of May.
2. You are required to write the highest and lowest issue price with dates and find out the difference in both the prices.