00:01
Hello, we use perpetual fifo, first in, first out inventory costing method.
00:14
So let's calculate the cost of the ending inventory according to this method.
00:21
So there are 26 units remaining in ending inventory.
00:27
So, 10 of them, since we use fifo, first in, first out, the oldest units are already gone.
00:41
They are used in production.
00:44
So let's calculate the last purchases.
00:49
In november, 10 units were bought and the price is 100.
01:02
So here we have 1 ,400.
01:12
Also in september they bought 12 units, the price was 135...