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It is to be done using FIFOmethod !! Do give explanation. Thank you The following information is for the inventory of mini-kettles at Blue Spruce

It is to be done using "FIFO"method !!

Do give explanation. Thank you

The following information is for the inventory of mini-kettles at Blue Spruce Company Limited for the month of May. Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under moving-average. (Round unit cost to 3 decimal places, e.g. 52.752 and final answer to 2 decimal places, e. . 52.75.) Ending inventory

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