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Q1. Bulabi Berhad financial period ends in September 2020. The company wants to value the inventory for the month ending September 2020. The following information

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Q1. Bulabi Berhad financial period ends in September 2020. The company wants to value the inventory for the month ending September 2020. The following information is available. Bought Issued 2020 September 1 Opening balance - Nil 1 100 units at RM5.00 each 21 50 units 10 50 units at RM5.50 each 20 60 units 27 100 units at RM5.60 each You are required to value the inventory using the following methods, i) First in First Out (FIFO) (20 marks) ii) Last in First Out (LIFO) (20 marks) iii) Average Cost (AVCO) (20 marks)

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