Date.............QTY. .....RATE........TOTAL
...............(Units).....N...........N
January 2nd....500......25.....12500
March 7th.....250......28........7000
Issues were made as follows:
Date............QTY. (uNITS)
January 9th .....200
February 14th ...200
March 11th ......200

The closing stock on March 11th by LIFO valuation is

Similar Questions

The accounts of Jute Enterprise in the books of a supplier will be a ...

One of these is not a similarity between Joint Venture and Partnership. ...

An item that would be classified as preliminary expenses in a company's account is ...

The following transactions relate to Osei Enterprises for the year ended 31st December 2020. ...

The accounting treatment when goods are sent to branch at a cost is, debit branch stock account and ...

Teteh and Kukuma are in partnership with capital balances of #300,000 and #200,000 respectively. The...

Capital at start was ₦250,000, while capital at the end of the year was ₦400,000. Drawings durin...

Lankoh Company Ltd                      ...

The factor that determine the periodic depreciation charge are? ...

The receipt of cash from a customer who bought goods with N800 list price, 25% trade discount and 2/...