Question: 1.5 From the information provided below complete the table using the FIFO method of inventory valuation: Purchased Issues and returns Balance Date Quantity Price

1.5 From the information provided below complete the table using the FIFO

1.5 From the information provided below complete the table using the FIFO method of inventory valuation: Purchased Issues and returns Balance Date Quantity Price Amount Quantity Price Amount Quantity Price Amount The following transactions of Franco Manufacturers took place during March 2022: Date Transaction Units Price per unit 01 Opening inventory 1 600 R3.50 50 05 Purchased from a supplier 600 R4.00 12 Purchased from a supplier 1300 R4.50 24 Purchased from a supplier 1 600 R5.00 16 Issued to production 1800 ? 28 Issued to production 1 300 ?

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