Aug. 1 Received 20 units at N60 each
Aug. 6 Received 20 units at N68 each
Aug. 10 Issued 16 units 
Aug. 20 Received 40 units at N80 each
Aug. 31 Issued 48 units

Using the FIFO method, what is the value of the closing stock?

Similar Questions

Which of the following is not on debtor's legal control account? ...

How much selling and distribution expenses is apportioned to department M? ...

Members of a not-for-profit making organization ...

Given: Prime cost N220,000 Factory cost N32,000 Work in progress at beginning N25,000 Work in pr...

Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...

Which of the following books of original entry is used to record all payments and receipt by cash or...

A trader paid insurance premium of N45,000 for 15 months ended 31st March, 2000. He prepares account...

Which of the following is a debit item in the purchases ledger control account? ...

The major source document which enables an employer to calculate the employee wages is the ...

Use the following information to answer the given question RECEIPTS AND PAYMENTS ACCOUNT: ...