unty the value of the first inventory that was purchased -Out (HIFO) method, it is important to Question 4 O out of 10 Dyer Shutters has the following inventory information Date Description Units Price/Unit May 1 Inventory 30 SB 10 May 8 Purchase 110 $8.40 May 17 Purchase 50 58 80 May 25 Purchase 100 5680 A physical count of inventory on May 31 reveals that there are 80 units on hand Calculate cost of goods sold using the last-In First Out (UFO method Cont Sorry your answer incorrect Ft. Fut Inventory costing method that assume that the respectare the first sold therefore the entry at the end ota year consists of the goods most recentmoedin inventory Questions I cost inventory using the first-In First-Out (FIFO) method, is important to be able to identify the value of the first inventory that was purchased O out of io pots Question 4 Dyer Shutters as the following inventory information Date Description Unts Price Unt May 1 Inventory 30 SBTOT Purchase 38.40 Ru 3670 M2 Purchase SED Aplysical count of inventory My 31 that there are 10 units on and Calcul cortofood sold the last method You