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Bill uses the first in first out method of inventory valuation. At 1 May 2008 he had 60 units in
inventory at a total value of $1,320. The movement on his inventory in May 2008 was:
Receipts
14 May 120 units at $22.20
26 May 150 units at $22.30
Sales
18 May 90 units
28 May 80 units
What is the value of Bill’s inventory at 31 May 2008?
A $3,547
B $3,552
C $3,567
D $3,568Sir , please help me with this question ??
Please explain the question !
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