Valley Pasta Ltd is a business that sells a fresh pasta in clear containers. Valley Ltd uses the First-in- First-Out (FIFO) cost flow method for inventory At 30 June 2022 the inventory balance was $1,000,000 for 200,000 containers at a total cost price of $5 for each container. Sales of 150,000 containers with a total sales invoice price of $1,800,000 to Woollies July 9 Ltd July 9 Valley Pasta Ltd received an invoice for the delivery costs to Woollies Ltd of $1.75 for each container. July 13 Purchases of 100,000 containers with a total purchase invoice price of $550,000 from San Remo Ltd July 13 NAL Ltd received an invoice for the transport costs for the purchases from San Remo Ltd of $1.25 for each container. July 21 Purchases of 150,000 containers with a total purchase invoice price of $862,500 Colac Ltd