508 viewsOctober 13, 2016

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Darshita 6.14K October 13, 2016 0 Comments

Please post the steps

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Darshita 6.14K Posted October 13, 2016 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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