solve it

1- Valuation of inventory either on cost or NRV 2. Using the specific method i.e UFO, FIFO, WEIGHTED AVEG, SPECIFIC UNIT METHOD 3- Select inventory valuation method i.e. Periodic inventory system or Perpetual inventory system ABC Co has following financial information related to stocks you are required to find the value of ending inventory by using lower the cost or NRV and FIFO Method with perpetual inventory system. Date Particulars Units Cost NRV Value of unit 1.9 Purchases 1200 7 12 8400 4-9 Purchases 1600 11 9 14400 7-9 Sale 2200 15-9 Purchase 4000 13 11 44000 20-9 Sale 3500 - FIFO Date Purchases Particulars Units 1-9 Purchases 1200 Sales Particulars Units Cost Value Cost Value 7 8400 Balance Particulars Units Cost Value 1200 7 8400 Purchase 4-9 1600 9 14400 7 1200 1600 8400 14400 9 7-9 Sales 8400 1200 1000 7 9 I 9000 600 9 5400 15-9 Purchases 4000 11 44000 600 4000 9 11 5400 44000 Sales 1100 20-9 12100 11 600 2900 9 11 5400 31900 Value of ending inventory 12100 by using lower the cost or NRV, FIFO method and perpetual inventory system