I need a detailed solution to this please. ACCA A --FFA/FA FINANCIAL ACCOUNTING6.12 An inventory record card shows the following details.o bebna o0 xatiM to50 units in stock at a cost of $40 per unit100 units purchased at a cost of $45 per unitobsns80 units soldFebruary11421 50 units purchased at a cost of $50 per unit22028 60 units sold008What is the value of inventory at 28 February using the FIFO method?mstste fsionsnt 200 xeliM ni babuloni1edmeged 1E 16A $2,450$2,700$2,950D $3,000bluoriaBC(2 man6.13 IAS 2 Inventories defines the items that may be included in computing the cost of an inventory offinished goods manufactured by a business.Which one of the following lists consists only of items which may be included in the cost of inventaccording to IAS 2?Supervisor'S wagor onıarrie

FIFO method means first in first out , where oldest inventory is to be sold first and closing stock…

6.12 An inventory record card shows the following details.o bebna o xalM to February 50 units in stock at a cost of $40 per unit 100 units purchased at a cost of $45 per unit n 1 14 80 units sold 50 units purchased at a cost of $50 per unit (astee no P0A 21 28 60 units sold 008 What is the value of inventory at 28 February using the FIFO method? ni bobuloni so bluore e 1IE 16 A $2,450 $2,700 $2,950 $3,000 nadete fsi C

6.12 An inventory record card shows the following details.o bebna o xalM to February 50 units in stock at a cost of $40 per unit 100 units purchased at a cost of $45 per unit n 1 14 80 units sold 50 units purchased at a cost of $50 per unit (astee no P0A 21 28 60 units sold 008 What is the value of inventory at 28 February using the FIFO method? ni bobuloni so bluore e 1IE 16 A $2,450 $2,700 $2,950 $3,000 nadete fsi C

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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