Kuching Specialist Hospital sells only one model of stethoscope and on 1st January, held 1st stock of 30 units which had cost rm 90 each

The stock carried out showed that there were 60 units in store. Calculate the value of stock held at the end of march using the LIFO method for pricing out issues from store

Transcribed Image Text:

Date Purchased (units) Cost Price / unit (RM) Sold Selling Price Units (RM) 9th Jan 20 92 16th Jan 50 94 31st Jan 60 95 90 210 5th Feb 50 95 12th Feb 40 99 28th Feb 30 91 135 220 7th Mar 60 90 31st Mar 40 89 90 215 Date Purchased (units) Cost Price / unit (RM) Sold Selling Price Units (RM) 9th Jan 20 92 16th Jan 50 94 31st Jan 60 95 90 210 5th Feb 50 95 12th Feb 40 99 28th Feb 30 91 135 220 7th Mar 60 90 31st Mar 40 89 90 215

Answer rating: 100% (QA)

Based on the information you provided and the image of the tablewe can calculate the value of the st... View the full answer