Question

Date	Information
01	Opening balance of materials: 2000 units at 1$ per unit
03	Purchased 2400 units at $1.10 per unit
	Transport costs (to be capitalised) $100
04	Issued 3200 units to products
06	Purchased 4000 units at $1.15 per unit
07	Returned to supplier, 120 defective units (bought on 6th April)
08	Issued 1200 units to production
09	Returned to stores 200 excess units (from the issue on the 8th April)
10	Purchased 6000 units at $1.20 per unit
15	Issued 3200 units to production

Using the FIFO method of inventory valuation, calculate the cost of material OMS1 issued to productton during April.

Answer 1

culation calculation u uni 24-00 | 1八D | 400X101 11,640.00 unchase 1 00 2400 3Q 00 Actua Dssued o Punchaje 0040 0D,4000 2000. 00 04 4 00,15 x,o0 0.00 DooxI5 120 X 15 4,6 00.00 38,00 1Ss 120014 36S D0 date 3 4,00 00 GoOO0 6000 x-20 Punchage ued to p3200 oooxSt3,450 00 3,648 00 Pchale on 6 3000

able CDS O Ap 0 Date 32 00 2004203,36800 8,414,00 4600 tis i lfo me Valuati