Question: API Manufacturing has extracted the following store data for part no A5110 for the month of October: Date 1/5 3/5 8/5 10/5 15/5 Receipt

API Manufacturing has extracted the following store data for part no A5110 for the month of October: Date 1/5 3/5 8/5 10/5 15/5 Receipt 70 kg 90 kg 180 kg Purchase per unit 30.50 31.50 32.20 Issued to production 80 110 Required: Using the FIFO and LIFO methods to calculate the Cost of materials issued to production and balance of raw materials in Store Department.

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