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Q.5(c). AZ Electric Co. uses a perpetual inventory system. Prepare the inventory Card of using LIFO, FIFO and Moving Average Cost assumptions, Calculate the
Q.5(c). AZ Electric Co. uses a perpetual inventory system. Prepare the inventory Card of using LIFO, FIFO and Moving Average Cost assumptions, Calculate the cost of ending Inventory and Cost of goods sold on July 31" 2020, given the following information Product: Energy Savers, location: store 1, Primary and secondary Supplier: Forever Brothers corp. Inventory minimum level 100 and maximum level 1000. (9) Transactions: July 01, 2020, purchased 400 units @ Rs.14 July 05, 2020, purchased 500 units @Rs.13.10 July 09, 2020, purchased 200 units @ Rs.12.40 July 25, 2020, purchased 700 units @ Rs.12.10 July 12, 2020, sold 600 units July 27, 2020, sold 500 units
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