A company has collected the following data from the purchase and use

Exercise 1) Evaluation of Inventory:
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 0,8014.2,2006 20000 0,7525.3.2006 6000 0,8128.6.2006 18000 0,9029.8.2006 33000 0,76
Date Amount used/consumed (liters)30.9.2006 700031.10,2006 2300030.11.2006 900031.12.2006 11000
a) Calculate the cost/use of material sold for the material(energy):Based on the following evaluation methods:– FIFO– HIFO– LIFO– average price

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