From the information provided below can you please complete the given table using the FIFI method of inventory valuation.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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From the information provided below can you please complete the given table using the FIFI method of inventory valuation

Date Quantity Price Amount Quantity Price Amount
Date
The following transactions of Franco Manufacturers took place during March 2022:
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
1 300
Quantity
Balance
Price Amount
Price per unit
R3.50
R4.00
R4.50
R5.00
7
?
Transcribed Image Text:Date Quantity Price Amount Quantity Price Amount Date The following transactions of Franco Manufacturers took place during March 2022: 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 1 300 Quantity Balance Price Amount Price per unit R3.50 R4.00 R4.50 R5.00 7 ?
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