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3 Dairy Plus Business provided the following information on its inventory purchases and price rates for the year 2020. The stocks sold was amounted to

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3 Dairy Plus Business provided the following information on its inventory purchases and price rates for the year 2020. The stocks sold was amounted to 550 units. ut of Date Purchase (Units) Price per unit (RM) 1 Jan 100 10 15 Apr 200 11 24 Aug 300 12 27 Nov 400 13 Total 1.000 Required: Calculate the Cost of Goods Sold (COGS) using First-In-First-Out (FIFO) method. (Full working is required) 1 B I Date Purchase Price per unit Sales (Units) Total cost (RM) (Units) (RM) 1 Jan 100 10 15 Apr 200 11 24 Aug 300 12 27 Nov 400 13 Total 1,000 COGS

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