1-12-1993 80kg @ Rs. 5 per kg 10-12-1993 80 kg @ Rs. 6 per kg 2-12-1993 60 kg 11-12-1993 60 kg Receipts Issued What is the value of 40 units of closing stock under each of the methods? Using the periodic and perpetual accounting system. Rs. Rs. Rs. FIFO LIFO Weighted average price

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter4: Accounting For Retail Operations
Section: Chapter Questions
Problem 4.2MBA: Sales transactions Using transactions listed in P4-2, indicate the effects of each transaction on...
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1-12-1993 80kg @ Rs. 5 per kg
10-12-1993 80 kg @ Rs. 6 per kg
2-12-1993 60 kg
11-12-1993 60 kg
Receipts
Issued
What is the value of 40 units of closing stock under each of the methods? Using the
periodic and perpetual accounting system.
Rs.
Rs.
Rs.
FIFO
LIFO
Weighted average price
Transcribed Image Text:1-12-1993 80kg @ Rs. 5 per kg 10-12-1993 80 kg @ Rs. 6 per kg 2-12-1993 60 kg 11-12-1993 60 kg Receipts Issued What is the value of 40 units of closing stock under each of the methods? Using the periodic and perpetual accounting system. Rs. Rs. Rs. FIFO LIFO Weighted average price
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