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Sparkly and Shiney Limited held 400 units of imitation tubies valued at $20 each During July, the following transactions took place 00 Units Date Purchased

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Sparkly and Shiney Limited held 400 units of imitation tubies valued at $20 each During July, the following transactions took place 00 Units Date Purchased Cost per Unit ($) 10/0712020 200 20.00 20/07/2020 400 22.00 25/07/2020 600 32.00 Sales occurred on the 31/07/2020 of $ 32.000 for 800 units What is the closing stock value using FIFO and Weighted Average Cost respectively? (Round to 2 decimal places) Select one a None of the options listed b. FIFO = $25,600 and Weighted Average Cost-$20,000 c. FIFO = $25 600 and Weighted Average Cost = $16,000 ed. FIFO = $17.600 and Weighted Average Cost = $16.000 e FIFO - $23.600 and Weighted Average Cost = $20,000 ENG 2018 US22102

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