Accounting I Assignment no.4 gr 6 - Saved Accounting I Assignment no. 4 Required: Record all transactions in appropriate T-accounts (costs by function, FIFO perpetual), close all accounts and calculate the ending balances. Opening balances: Material A: 100 units x 2,5 / unit = 250 50 units x 2,3 / unit = 115 Traded goods: 125 units x 3,1 / unit = 387,50 25 units x 3,3/unit =82,50 Trade payable: 835 a) The company purchased 50 units of Traded goods at a price of 2,7/ unit and additional cost of 0,50 / unit (cost of purchase method applied). b) The company used in production 80 units of Material A. c) The company recorded production salaries of 880. d) The company produced 10 units of Finished products at a production cost 80 / unit. The remaining production is a work in progress. CD 11