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Use the following information to calculate the value of inventory on hand on Mar 31 and cost of goods sold during March using FIFO perpetual
Use the following information to calculate the value of inventory on hand on Mar 31 and cost of goods sold during March using FIFO perpetual inventory system. 01-Mar Beginning Inventory 50 units @ R15 per unit 5 Purchase 130 units @ 20 per unit 9 Sale 90 units @ 22 per unit 11 Purchase 39 units @ R16 per unit 16 Purchase 79 units @ R17per unit 20 Sale 120 units @ R21 per unit 29 Sale 61 units @ R22 per unit
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