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NAFI on the first of jully has 4000 units in inventory values at 5$ each. The following transaction took place during the month: july2: company
NAFI on the first of jully has 4000 units in inventory values at 5$ each. The following transaction took place during the month:
july2: company buys 1200 units at 6$ each
july 8: company buys 800 units at 5$ each
july 18: comp. sells 2000 units at 5$ each
july 22: comp: sells 2000units at 4$ each
jully 25: company sells 3000 units t 8$ each.
Compute ending enventory and cogs at fifo
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