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How do calculate value of ending inventory

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Problem 1: Ali enterprise started business on 1st January,2019. During the month of January following transactions took place. Date and Particular No of units Cost /Unit $ Selling Price/Unit $ 2 nd January Purchased 350 4.50 3 rd January Purchased 350 5.50 4 th January sold 400 8.50 9 th January purchased 500 6.50 11th January sold 350 9.50 18th January purchased 300 7.50 25th January sold 500 11.50 Calculate value of ending inventory, cost of goods sold and gross profit for January 2019 using FIFO method

Reference no: EM132621432

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How do calculate value of ending inventory : 300 7.50 25th January sold 500 11.50 Calculate value of ending inventory, cost of goods sold and gross profit for January 2019 using FIFO method
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