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Review Question The following data relate to material QQ2 for last month: Opening stock 300kg valued at $2,700 Purchases: 3 Aug 500kg for $5,500 17

Review Question The following data relate to material QQ2 for last month: Opening stock 300kg valued at $2,700 Purchases: 3 Aug 500kg for $5,500 17 Aug 400kg for $4,200 Issues: 12 Aug 600kg 19 Aug 300kg Required: Using the LIFO, FIFO and AVCO method, calculate the value of closing stock for QQ2 last month Review Question The following data relate to material QQ2 for last month: Opening stock 300kg valued at $2,700 Purchases: 3 Aug 500kg for $5,500 17 Aug 400kg for $4,200 Issues: 12 Aug 600kg 19 Aug 300kg Required: Using the LIFO, FIFO and AVCO method, calculate the value of closing stock for QQ2 last month

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