Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
The following information relates to item Q002 stocked by Mutaka products Ltd for the month of April 2004:ReceiptsIssuesDateUnitsUnitsUnit cost (Sh)April32,4002043,20062,60018122,700222,60021252,80026
The following information relates to item Q002 stocked by Mutaka products Ltd for the month of April 2004:ReceiptsIssuesDateUnitsUnitsUnit cost (Sh)April32,4002043,20062,60018122,700222,60021252,800263,10023283,20027294,900The closing balance for March 2004 was a batch of 2,900 units received at a unit price of Sh 21.Required: Stores perpetual inventory record for item Q002 for April 2004 under LIFO and FIFO systems of stores issues. (10) marks)
