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Inventory. Beginning inventory, purchases and sales data for Commodity D45 are as follows: Jan 20X9 Qty Per Unit @ 1 lnventory15 units $40 5 Sold

Inventory.

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Beginning inventory, purchases and sales data for Commodity D45 are as follows: Jan 20X9 Qty Per Unit @ 1 lnventory15 units $40 5 Sold 5 units $50 10 Purchased 10 units $41 17 Sold 12 units $50 22 Sold 3 units $50 30 Purchased 10 units $42 The enterprise maintains a periodic inventory system. A physical count at the end of the month shows that ending inventory amounts to 15 units. Prepare a simple statement of comprehensive income (up to Gross Prot) for the month ending 31 January 20X9 using the FIFO & WAC cost ow assumptions

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