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Using the FIFO method, find out the value of the closing stock as of December 31, 2020. Data related to materials for December are; December

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Using the FIFO method, find out the value of the closing stock as of December 31, 2020. Data related to materials for December are; December 1 Balance 1000 Kg @ OMR 20 Issued 500 kg Purchased 1000 kg @ OMR 24 20 Issued 250kg Issued 500 kg Purchased 500 kg @ OMR 26 BO Issued 500kg

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