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3 bn 1 February 2017, NewNokia Deals Limited had 450 smartphones in inventory costing 600 each. During the month, the following transactions occurred: Date Buy/sell
3 bn 1 February 2017, NewNokia Deals Limited had 450 smartphones in inventory costing 600 each. During the month, the following transactions occurred: Date Buy/sell Units Price 02.2.17 Buy 500 650 11.2.17 Sell 725 850 13.2.17 Buy 750 685 17.2.17 Buy 200 815 25.2.17 Sell 800 900 What is the (1) value of inventory at 28.2.X7 and (ii) the cost of goods sold (COGS) for the month of February 2017 using the FIFO basis? Inventory COGS 237.750 1.034,000 B 238,850 1,016,000 282000 1969 RTS
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