Purchases of certain product during March 2021 are set out below:
March 1
100 units @ Rs. 10
12
100 units @ Rs. 9.80
15
50 units @ Rs. 9.60
20
100 units @ Rs. 9.40
Units sold during the month were as follows:
March 10
80 units
14
100 units
30
90 units
No opening inventories
You are required to determine the cost of goods sold for March under three different valuation methods viz, FIFO, LIFO and Weighted Average Cost.
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