Question: Fina 3048 Inventory Assignment W-23 1) FIFO Method Date Purchases Sales Balance 4) Quantity Unit Cost Value Quantity Unit Cost Value Quantity Unit Cost Value

Fina 3048 Inventory Assignment W-23 1) FIFO Method Date Purchases Sales Balance 4) Quantity Unit Cost Value Quantity Unit Cost Value Quantity Unit Cost Value Sales Revenue Complete the following requirements using the information provided. 01-Mar 60 $7.00 $420.00 Date Quantity selling price Value Use the proper format to record entries and prepare statements 03-Mar 40 $9.85 $394.00 20 $9.85 $197.00 In order to have the assignment graded it MUST be submitted as a PDF file 10-Mar 120 7.40 $888.00 120 $7.40 $888.00 Late assignments wil be subject to a 25% deduction for each day late 17-Mar 70 20*9.85 $197.00 50*10 $500.00 70 $10.00 $700 At the Breakfast Spot an inventory card is prepared for each menu item. 21-Mar 44 $8.00 $352 70 $10.00 $700 The inventory card for breakfast sausage shows the following details. 44 $8.00 $352 28-Mar 100 70*10 $700.00 Mar 1 60 kg of sausage remain from last month in inventory at a cost of $7.00 per kg 30*13.50 $405.00 14 $13.50 $189.00 Total Revenue Mar 3 40 kg are sold for $9.85 /kg Mar 10 120 kg are purchased at a cost of $7.40 / kg 31-Mar 50 $9.00 $450.00 14 $13.50 $189.00 Mar 17 70

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