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The following table shows direct materials purchases and issues of the Trap Company between the dates January 1 and 31. Calculate the cost of
The following table shows direct materials purchases and issues of the Trap Company between the dates January 1 and 31. Calculate the cost of direct materials issued and inventoried in the table form. Use the method FIFO, FIND total ending inventory value on Jan.30. Dates Jan. 1 DM Purchases (units) Unit Price ($) Issues 100 1.0 Jan.3 100 1.2 Jan.5 200 1.3 300 Jan. 19 150 1.4 Jan. 24 100 1.5 150 Jan. 30 100
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