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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
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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