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Calculate the cost-use of material sold for the material

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Reference no: EM13860328

A company has collected the following data from the purchase and use of heating fuel from its Business Statistics department for inventory management of the previous year:

Date  Amount purchased (liters)  Purchase Price (EUR/liter)
12.1.2006  15000 0,80
14.2,2006  20000 0,75
25.3.2006  6000 0,81
28.6.2006  18000 0,90
29.8.2006  33000 0,76

Date  Amount used/consumed (liters)
30.9.2006  7000
31.10,2006  23000
30.11.2006  9000
31.12.2006  11000

a) Calculate the cost/use of material sold for the material(energy): Based on the following evaluation methods: - FIFO - HIFO - LIFO - average price

Reference no: EM13860328

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