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Use both FIFO and WEIGHTED AVE in computing the required balances: 800 @P4.00 50 June 1 Balance June 3 Issued June 5 Purchased June 6
Use both FIFO and WEIGHTED AVE in computing the required balances: 800 @P4.00 50 June 1 Balance June 3 Issued June 5 Purchased June 6 Issued June 15 Issued June 18 Purchased June 25 Issued 300 @ P4.50 250 400 300 @ P5.00 100 1. Using FIFO method compute for the cost of a. Inventory Value b. Materials issued 2. Using average method compute for the cost of a. Inventory Value b. Materials Issued
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