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The Wellness Sdn Bhd uses the perpetual inventory system. They want to calculate the cost of goods sold and the value of their ending inventory

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The Wellness Sdn Bhd uses the perpetual inventory system. They want to calculate the cost of goods sold and the value of their ending inventory using the following methods: FIFO. The beginning inventory of a particular product, and the purchases during the current year, were as follows: Date Details Units Unit Cost Total Cost (RM) (RM) 2.00 100.00 Mar, 1 50 Beginning Inventory Sale Mar, 5 20 Mar, 10 Purchase 30 2.50 75.00 Sale 40 Mar, 15 Mar,22 Mar, 26 Purchase 50 3.00 3.00 150.00 Purchase 20 3.25 65.00 Mar, 28 Sale 60 (10 Marks)

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