From the following data. compute the value of 100 units of closing stock under both the FIFO and…
From the following data. compute the value of 100 units of closing stock under both the FIFO and LIFO methods:
1 June Received 200 kilos at £15.00 per kilo
2 June Issued 150 kilos
6 June Received 200 kilos at £16.00 per kilo
9 June Issued 150 kilos