Date Quantity Price Amount Quantity Price Amount Date 01 The following transactions of Franco Manufacturers took place during March 2022: 05 12 24 Purchased 16 28 Transaction Opening inventory Purchased from a supplier Purchased from a supplier Purchased from a supplier Issues and returns Issued to production Issued to production Units 1 600 600 1300 1 600 1800 1 300 Balance Quantity Price Amount Price per R3.50 R4.00 R4.50 R5.00 ? ? unit
Date Quantity Price Amount Quantity Price Amount Date 01 The following transactions of Franco Manufacturers took place during March 2022: 05 12 24 Purchased 16 28 Transaction Opening inventory Purchased from a supplier Purchased from a supplier Purchased from a supplier Issues and returns Issued to production Issued to production Units 1 600 600 1300 1 600 1800 1 300 Balance Quantity Price Amount Price per R3.50 R4.00 R4.50 R5.00 ? ? unit
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 1.7C
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Topic Video
Question
From the information provided below complete the table using the FIFO method of
valuation
as per attached picture.
![Date Quantity Price Amount Quantity Price Amount
Date
01
The following transactions of Franco Manufacturers took place during March 2022:
05
12
24
Purchased
16
28
Transaction
Opening inventory
Purchased from a supplier
Purchased from a supplier
Purchased from a supplier
Issues and returns
Issued to production
Issued to production
Units
1 600
600
1 300
1 600
1 800
Quantity
1 300
Balance
Price Amount
Price per unit
R3.50
R4.00
R4.50
R5.00
?
?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8113a669-6dc5-4178-baba-3322a45eea22%2Fcc958f9c-7000-418d-81f9-b73b9e1ce894%2Fxxqt7a_processed.png&w=3840&q=75)
Transcribed Image Text:Date Quantity Price Amount Quantity Price Amount
Date
01
The following transactions of Franco Manufacturers took place during March 2022:
05
12
24
Purchased
16
28
Transaction
Opening inventory
Purchased from a supplier
Purchased from a supplier
Purchased from a supplier
Issues and returns
Issued to production
Issued to production
Units
1 600
600
1 300
1 600
1 800
Quantity
1 300
Balance
Price Amount
Price per unit
R3.50
R4.00
R4.50
R5.00
?
?
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