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Questlon iour y JBab Productions Lid utilizes a special raw material in its producing its...

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Accounting

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Questlon iour y JBab Productions Lid utilizes a special raw material in its producing its only oroduct, the ball. The closing balance of this raw material on 31 May 2022 was 400 units @K9 per unit. Purchases and issues from stores in June 2012 were as in the table below: Date Particuiars Purchases sues Guantity Unit price Quanticy 200 June Purchase 4 june Purchase 5 June Esue 12 June Purchase K10.00 520 800 600 K10.50 11.50 K13.00 1,400 1,240 480 ssue 15 June Purchase 2i june Issiue 28 June Purchase 29 200 Issue 760 Required Calculate the closing stock of raw materials and the cost of raw materials issued from stores to production using the following invenkory valuation methods (a) FIFO 110 marks) (b) Weighted average fic marks)

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