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Please post the steps

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Darshita6.14K 0 Comments
Valuation as per FIFO Method
Purchase Sold Closing balance
Date unit per unit total 0
opeaning
31-Dec 240 30 7200
2-Jan 150 33 4950
6-Jan 270 60 16200 120 33 3960
120 33 3960
9-Jan 113 36 4068 45 33 1485
10-Jan 75 68 5100 113 36 4068
158 69 5553
23-Jan 150 38 5700
30-Jan 195 72 14040 113 38 4294
113 38 4294
653 21918 540 35340 113 38 4294
Valuation as per LIFO Method
Purchase Sold Closing balance
Date unit per unit total 0
opeaning
31-Dec 240 30 7200
2-Jan 150 33 4950
6-Jan 270 60 16200 120 30 3600
120 30 3600
9-Jan 113 36 4068 120 30 3600
10-Jan 75 68 5100 38 36 1368
158 66 4968
23-Jan 150 38 5700
30-Jan 195 72 14040 113 30 3390
113 30 3390
653 21918 540 35340 113 30 3390
Valuation as per weighted avg Method
Purchase Sold Closing balance
Date unit per unit total 0
opeaning
31-Dec 240 30 7200
2-Jan 150 33 4950
390 31.15384615 12150
6-Jan 270 60 16200 120 31.15 3738
120 31.15 3738
9-Jan 113 36 4068 120 31.15 3738
10-Jan 75 68 5100 38 36 1368
158 32.3164557 5106
23-Jan 150 38 5700
30-Jan 195 72 14040 113 35.08 3964.04
Total 308 35.08441558 10806 113 35.08 3964.04
1351 44874 540 35340 113 35.08 3964.04

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