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I need to know how to calculate dollar value using FIFO with the following information: Important Concepts FIFO assumes that the items Illustrative Examples the

I need to know how to calculate dollar value using FIFO with the following information: image text in transcribed
image text in transcribed
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Important Concepts FIFO assumes that the items Illustrative Examples the first items sold. purchased first are following data represent the inventory the end The items The items of the year are matched at imported boxes at of the same type that with the cost of figures recently. were Gift Collection. Cost per purchased most Unit Inventory Pricin Date List the number FIFO. on the end Mar. 9 of the of units year and their corresponding costs Units $12.30 an. 1 Beg. Inv. 55 13.50 starting Purch. 45 13.90 with the ending Aug. 12 Purch. 14.25 2. backward through the incoming and working 75 Multiply the shipments. Nov. 27 Purch. revealed number of units by inventory 3. corresponding cost per unit for each purchase. On December 31, physical the the value of ending jewelry boxes in stock. FIFO. totaling all the extensions inventory by 130 ending inventory by using from Step 2. value of the

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