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Receipts 1-12-1993 80kg @ Rs. 5 per kg 10-12-1993 80 kg @ Rs. 6 per kg Issued 2-12-1993 60 kg 11-12-1993 60 kg What is

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Receipts 1-12-1993 80kg @ Rs. 5 per kg 10-12-1993 80 kg @ Rs. 6 per kg Issued 2-12-1993 60 kg 11-12-1993 60 kg What is the value of 40 units of closing stock under each of the methods? Using the periodic and perpetual accounting system. FIFO Rs. LIFO Rs. Weighted average price Rs

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