?Question $1$

$[30$ ?Marks$]$

The inventory record sheets for hairbrushes at Debbie's Beauty Supply during the year

show that $5000$ ?units were purchased. The inventory sold during the year amounts to

$2400$ ?units.

Required:

Compute the value of the inventory sold by each of the two methods: weighted average

cost and FIFO methods. Use the transactions below.

Show all your workings and round off to two decimal places where applicable.