QUESTION $5$

$(25$ Marks$)$

Use the following information to calculate the value of inventory on hand on April $30$ and cost of goods sold during March using FIFO perpetual inventory system.

$\backslash$table$[[01-$April,Beginning Inventory,$50$ units @ R$15$ per unit$],[5,$Purchase,$135$ units @ $20$ per unit$],[9,$Issue to production,$95$ units$],[11,$Purchase,$30$ units @ R$16$ per unit$],[16,$Purchase,$78$ units @ R$17$per unit$],[20,$Issue to production,$125$ units$],[29,$Issue to production,$65$ units$]]$

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