From the following particulars for the months of Dec 2009, find out the cost of inventory on Dec 31,…

From the following particulars for the months of Dec 2009, find out the cost of inventory on Dec 31, 2009 under Perpetual Inventory System using FIFO Method of pricing issue of materials:

Date

Particulars

Quantity (Kg)

Rate per Kg (Rs)

Dec 1

Opening Inventory

600

100

Dec 3

Purchase of material

3.000

140

Dec 10

Issue of material

2.400

Dec 12

Purchase of material

1,500

160

Dec 20

Issue of material

300

Dec 22

Purchase of material

450

180

Dec 27

Issue of material

540

 

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