In Dec.
2011, Goodluck Nig. Ltd recorded the following transactions in respect of the
materials.
2011, Goodluck Nig. Ltd recorded the following transactions in respect of the
materials.
In Dec. 2nd
received 500 units atN24
received 500 units at
Dec. 5th issued 200 units to
production
production
Dec. 12th received 250 units,
total cost 7,500
total cost 7,500
Dec. 15th received 300 units at
25 each
25 each
Dec. 18th issued 350 units to
production
production
Dec. 22nd issued 250 units to
production
production
Stock before
on the 1st of Dec was 150 units with a total value ofN3,900.
on the 1st of Dec was 150 units with a total value of
As a
student, you are required to draw up the stock ledger account or recording
stock card
student, you are required to draw up the stock ledger account or recording
stock card
1.) FIFO method
2.) LIFO method
3.) Simple
average price method
average price method
4.) Weight
average price method
average price method
