question archive Bilal corporation had the following balances and transactions
Bilal corporation had the following balances and transactions
Subject:AccountingPrice: Bought3
Bilal corporation had the following balances and transactions. Use FIFO method for calculating COGS.
Begining Inventory = 100 units @ Rs 58
Purchases
Inventory = 200 units @ Rs 67
Sales
Inventory sold= 100 units @______
Purchases
Inventory= 70 units @ Rs 44
Sales
Inventory sold = 20 units @ ______
What is the amount of Ending Inventory?
