Time left 0:46:58 f Questions 8 to 9 are based on the following information. (1 mark each) On January 1, 2020 Jomo started a small business buying and selling steering wheel covers. He invested $40,000 in the business and during the next six months, the following transactions occurred. Date of purchases Steering wheel covers Total cost Date of Steering issues $ wheel cover Total value $ purchased sales (box) (box) January 13 200 7,200 February 8 400 15,000 February 10 500 22,000 March 11 600 24,000 April 12 400 17,000 June 15 500 22,000 1. 28, 2020 a) $3,750 9 A Using the FIFO method, determine the value of stock on hand at February tv www April 20 600 27,000 June 25 400 20,000 MacBook Air D