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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
Date Goods In Goods Issued Inventory in Hand
Price Quantity Price Quantity Price Quantity Value
1/6/X2 1000 4
3/6/X2 2100 5 2100 5
6/6/X2 1500 5.50 1500 5.50
9/6/X2 2500 - 600 5
1500 5.50
12/6/X2 3000 6 3000 6
14/6/X2 3500 - 1600 6 9600
1.B.i)
FIFO
LIFO