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Calculate the value of closing inventory using to fifo

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Boje Retailers uses a prepupal inventory system and provides you with the folio information for their inventory during June 2020. Balance on 1 June, 300 units at R5 each 10/10 June 5 Sold 100 units. 9 Purchases 2 000 units at R6 each. 12 Returned 100 units to the supplier bought on 9 June. 14 Purchased 1 500 units at R6,50 each 22 Sold 2 000 units 28 A customer returned 100 units sold on 22 June 29 Sold 500 units

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Problem 1: Calculate the value of closing inventory using to FIFO

Reference no: EM132669930

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