QUESTION 6 10 points Sharjah Steel and Steel Limited buys and sells one product. Its beginning inventory, purchases, and sales during calendar year 2017 follow: Date Activity Units Unit Cost Price Unit Unit Selling Price Purchased (AED) Sold (AED) January Beginning Inventory 1,600 14 15 January Sale 800 30 10 March Purchase 800 15 1 April Sale 800 30 9 May Purchase 1.200 16 Purchase 1.000 20 22 September Sale 1.200 33 I November 28 November Purchase 400 21 Sare All Aniwers Clare Wind MA Purchase 800 15 1 April Sale 800 30 9 May Purchase 1,200 16 22 September Purchase 1,000 20 I November Sale 1,200 35 28 November Purchase 400 21 Required: Using FIFO methods of inventory costing to calculate ending inventory and cost of goods sold under Perpetual Inventory system. Date Particulars First In First Out Purchases Costs of Goods Sold Ending Inventory Balance QTY Unit Cost Total Cost QTY Unit Cost Total Cost QTY Unit Cost Total Cont Cwe and Subtn btClick All Abellion San Art Close Wind