During the month of March 2021, a company had the following movements in a certain type of inventory item:

1 March Opening inventory of 100 units at a cost of €40.00 each

10 March Bought 150 units at a cost of €35.00 each

15 March Issued 80 units to production

20 March Bought 50 units at a cost of €38.00 each

25 March Issued 100 units to production

Show how inventory records would appear under the FIFO and AVCO methods.

Answer rating: 100% (QA)

Solution Invenbry Records Under Avco method Recipt Issue Amount f... View the full answer