The following records have been extracted from the stores ledger of VXI Ltd:

Prepare stock register under continuous inventory valuation system using

(a) LIFO,

(b) FIFO,

(c) simple average of prices and

(d) weighted average of prices method.

Transcribed Image Text:

Date 02/01/08 21/01/08 31/01/08 10/02/08 15/03/08 Purchase Qty. 20,000 17,000 14,200 1,000 6,200 Rate per unit 110 100 98 99 101 Date 15/01/08 28/01/08 21/02/08 02/03/08 29/03/08 Issue Qty. 3,500 13,500 15,600 5,800 4,400