Question
determine quantity and cost of inventory FIFO periodic and perpetual methodology. these were reported for January and February purchases date units cost per unit Jan
determine quantity and cost of inventory FIFO periodic and perpetual methodology.
these were reported for January and February
purchases
date units cost per unit
Jan 1 400 $3,00
Jan 10 1300 3.10
Feb 13 700 3.40
Feb 27 600 3.75
Sales
date units cost per unit
Jan 2 300 $6.00
Jan 11 1000 6.00
Feb 28 400 6.50
please show the calculations
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Inventory Best Practices
Authors: Steven M. Bragg
2nd Edition
1118000749, 9781118000748
