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Use the following information to calculate the value of inventory on hand on Mar 31 and cost of goods sold during March using FIFO perpetual inventory system. 01-Mar 5 9 11 16 20 29 Beginning Inventory Purchase Sale Purchase Purchase Sale Sale 50 units @ R15 per unit 130 units @ 20 per unit 90 units @ 22 per unit 39 units @ R16 per unit 79 units @ R17per unit 120 units @ R21 per unit 61 units @ R22 per unit

Use the following information to calculate the value of inventory on hand on Mar 31 and cost of goods sold during March using FIFO perpetual inventorv suetom