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Use the first-in-first-out (FIFO) method to complete the table provided below for the stated transactions. Date Transactions 01 Opening inventory 180 units @ R10 per

Use the first-in-first-out (FIFO) method to complete the table provided below for the stated transactions.

Date Transactions
01 Opening inventory 180 units @ R10 per unit
07 Purchased from a supplier 900 units @ R11 per unit
15 Issued to production 630 units
24 Purchased from a supplier 540 units @ R12 per unit
27 Returned to the supplier (see 24th) 100 units
30 Issued to production 600 units

Table to complete

image text in transcribed

\begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline & \multicolumn{3}{|c|}{ Purchases } & \multicolumn{3}{c|}{ Issues and returns } & \multicolumn{3}{c|}{ Balance } \\ \hline Date & Quantity & Price & Amount & Quantity & Price & Amount & Quantity & Price & Amount| \\ \hline \end{tabular}

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