Question: 1. Beginning inventory 10 units @ $10 per unit First purchase 35 units @ $11 per unit First sale 20 units Second purchase 40 units

1. Beginning inventory 10 units @ $10 per unit

1. Beginning inventory 10 units @ $10 per unit First purchase 35 units @ $11 per unit First sale 20 units Second purchase 40 units @ $12 per unit Second sale 35 units Third purchase 15 units @ $13 per unit Compute the value of the ending inventory using a perpetual inventory system with the FIFO valuation method. [4 Marks]

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