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Bosco Sdn. Bhd. had 200 units in inventory at 30 November 20x0 valued at RM600. During December it made the following purchases and sales. 2-Dec
Bosco Sdn. Bhd. had 200 units in inventory at 30 November 20x0 valued at RM600. During December it made the following purchases and sales. 2-Dec Purchased 1,000 @ 5-Dec Sold 700 @ 12-Dec Purchased 800 @ RM 4.50 each 7.50 each 5.20 each 6.60 each 8.00 each 8.20 each 15-Dec Purchased 300 @ 21-Dec Sold 400 @ 28-Dec | Sold 500 @ Using FIFO inventory valuation, cost of goods sold is and closing inventory is Using LIFO inventory valuation, cost of goods sold is and closing inventory is
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