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Qais company uses a perpetual inventory system, the company s beginning inventory for a particular product and its purchases during the month fanuary were as
Qais company uses a perpetual inventory system, the company s beginning inventory for a particular product and its purchases during the month fanuary were as follow. Beginning inventory 1 fan consist of 200 tits, each unit cost ss for a total amount of $1.000. The company purchase on 15 Jan 300 units each unit cost 56 for a total amount of $1,800. The company purchase on 23 Jan 500 not each unit costs for a total amount of $3,500On 28 January Qils company sells 750 units(150 ants from beginning taventory 300 units from 15 fan purchase, and 300 units from 2 fan purchase of this product. The other 250 units remain in Inventory at 31 January Question 1/25 Refer to above data. Assuming that Qais company uses the Faro flow assumption, the cost of goons sold on 28 January 54,650 2 054.550 3.54.725 4.83.750 5 Some other amount
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