Clculo de costos FIFO

Con el clculo de costos de inventario perpetuo de primero en entrar, primero en salir y la siguiente informacin, determine el costo de los materiales utilizados y el costo del inventario del 31 de julio:

E2-7 LO3 FIFO costing Using first-in, first-out perpetual inventory costing and the follow- ing information, determine the cost of materials used and the cost of the July 31 inventory: July 1 Balance on hand, 1,000 yd of linen @ $4.00 each. 3 Issued 250 yd. 5 Received 500 yd a $4.50 each 6 Issued 150 yd. 10 Issued 110 yd. 11 Factory returned 10 yd, which were issued on the 10th, to the storeroom. 15 Received 500 yd @ $5.00 each. 20 Returned 300 yd to the vendor from the July 15 purchase. 26 Issued 600 yd. Cup Alley