(Answered) A company has collected the following data from the

Finance

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

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