First-in-first-out method

14 points J&L uses a perpetual inventory management system. The company has the following transactions for inventory during the month of Nov 1 Nov Opening balance-300 units @ R2 per unit 6 Nov Purchase inventory-850 units @ R3 per unit Sell 700 units 11 Nov 13 Nov Return to store the last 30 units issued on 11 Nov Purchase inventory-900 units @ R4 per unit 16 Nov 20 Nov Sell 1 000 units 28 Nov Return 80 units to the supplier which were bought 16 Nov J&L uses the First-in-First Out (FIFO) method to value its inventory Complete the inventory ledger card below by filling in the yellow cells no ','. RECEIPTS ISSUES DATE UNITS UNIT PRICE TOTA L COST UNITS UNIT PRICE TOTA COST L 01- Nov 06- 850 3 2550 Nov 2021