The following information was recorded during the month of May by the central warehouse of Stores Co. The warehouse issues goods to retail outlets owned by Stores Co. to allow the retail outlets to meet expected demand from customers. The record represents kitchen units, all of the same type.

Calculate (i) the cost of goods issued to retail stores during May and (ii) the cost value of goods held in the warehouse at the end of May, under each of:

(a) FIFO

(b) LIFO

(c) average cost.

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Date 1 May 19 May 22 May 30 May Total Received into store Units 120 60 - - 180 Unit price 30 34 - - Price paid to supplier 3,600 2,040 5,640 Issued to retail outlets Units - - 80 70 150