can you help me solve this, please type it understandable. Last time i asked thi

Question

can you help me solve this, please type it understandable. Last time i asked this i did'nt understand its typing.

Cest 1 Inventory 4 Sale at $ 30/unit 10 Purchase 22 Sale at $ 30/unit 28 Sale at $ 30/unit 30 Purchase 1.000 5 2000 20,00.00 500 $ 22.40 360 240 600 23.30 nventor FIFO First In First Out Cost of Merchandise Solod Purchases Total Cost Total Cost Total Cost Date Unit Cost Unit Cost QuantityUnit Cost 1,000 20.00 s 20,000.00 10 28 30 Balances: Total Purchases Cost of Merch Sold lan 31 Inventory

Explanation / Answer

Under Perpetual Inventory system, For FIFO, the stocks which are sold on the basis of first in first out, hence accordingly the calculation has been done.

Please rate if you find my answer useful. Rgds,

Purchases Cost of Goods Sold Inventory Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost 1 1000 20 20000 4 700 20 14000 10 500 22.4 11200 22 300 20 6000 60 22.4 1344 28 240 22.4 5376 30 600 13980 200 22.4 4480 600 23.3 13980

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