CORRECT TEXT

CORRECT TEXT

Refer to the Exhibit.

At the beginning of the month, an organization had opening inventory of 30 units of a product, valued at £3.00 each. During the month, it had inventory movements, occurring on the following dates:

Using the FIFO method of inventory valuation, the closing inventory at the end of the month was:

Give your answer to 2 decimal places.

View Answer

Answer: £21.08