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You have the following data that related to moving the material (Z) in May: In 1/5 the balance 500 units at 4$ per unit and
You have the following data that related to moving the material (Z) in May: In 1/5 the balance 500 units at 4$ per unit and 400 units at 58 per unit respectively. The issues in the month: In 12/5 issued 1100 units to operation B. In 17/5 issued 550 units to operation A. The purchases in the month: In 10/5 purchased 300 units at 65 per unit. In 16/5 purchased 950 units at 35 per unit. The returns in the month: In 14/5 returned 120 units from production to store. In 21/5 returned to the supplier 75 units from the quantity that purchased in 16/5. The transfer between the production operations during the month were 150 units from operation B to A Required: By using FIFO method, compute the following: 1- Total value to the issued quantity in 12/5 2- Total value to the balance in 21/5
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