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Drexel International School Class-Xi Class Test-1 Ch-Valuation of Inventory
Drexel International School Class-Xi Class Test-1 Ch-Valuation of Inventory
CLASS-XI
CLASS TEST-1
CH-VALUATION OF INVENTORY
1.B.i)
FIFO
Date Goods In Goods Issued Inventory in Hand
Price Quantity Price Quantity Price Quantity Value
1/6/X2 1000 4 4000
3/6/X2 2100 5 2100 5 10500
6/6/X2 1500 5.50 1500 5.50 8250
9/6/X2 2500 - 600 5 3000
1500 5.50 8250
12/6/X2 3000 6 3000 6 18000
14/6/X2 3500 - 1600 6 9600
LIFO
Date Goods In Goods Issued Inventory in Hand
Price Quantity Price Quantity Price Quantity Value TOTAL
1/6/X2 .1000 4 4000 X
3/6/X2 2100 5 ..2100 5 10500 X
6/6/X2 1500 5.50 …1500 5.50 8250 X
9/6/X2 2500 - ….1100 5 5500 X
..1000 4 4000 X
12/6/X2 3000 6 3000 6 18000 X
14/6/X2 3500 - 600 5.50 3300
1000 4 4000 7300