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Total Dollars Amount Consider the following data for Nafiz company during May 2020 Item Date Units Cost per unit (price) Beg, Raw materials May 600
Total Dollars Amount Consider the following data for Nafiz company during May 2020 Item Date Units Cost per unit (price) Beg, Raw materials May 600 15 Materials purchased May4 800 16 Materials purchased May11 600 18 Materials purchased May20 700 20 Materials purchased May28 500 22 9,000 12,800 10,800 14,000 Materials available for During May 11,000 $57,600 3,200 use The remaining units at May 31 are 1,000 units. Instructions: Calculate Raw materials used and ending balance assuming the company uses Fifo method 534,600 RM used and 523,000 the end balance
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