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December 1 Purchase inventory from Photo Equipment Unlimited , invoice $ 6101 . The cost of Each item sold must be calculated by using FIFO

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December 1 Purchase inventory from Photo Equipment Unlimited , invoice $ 6101 . The cost of Each item sold must be calculated by using FIFO inventory valuation method . Item # Description Quantity Unit*$ Total N650 NIKON DIGITAL CAMERA 420.00 2. 520. 00 02500| OLYMPUS DIGITAL CAMERA 2 700.00 1 , 400 . 00 D 2290 KODAK DIGITAL CAMERA 450.00 1 . 350.00 TOTAL $ 5, 270. 00

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