Accountancy, asked by jhanviahuja07, 1 year ago

The following is the record of receipts and issue of a certain material in a factory during may 2017. Opening balance 100 tones @ ₹ 10 per tonne.

8 may 2017 Received 120 tones @ ₹ 10.10 per tonne.
12 may 2017 issued 50 tones.
16 may 2017 Stock verifier reveals a loss of 2 tones.

Answers

Answered by hhjariwala1962

1

Answer:

Explanation:

FIFO method

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