Transcribed Image Text: Q. No. 5- Inventory valuation Given: Ahsan Company presents the following data for the month of August, 1995. August 1 August 4

Best Writers accounting, business-managerial-accounting Transcribed Image Text: Q. No. 5- Inventory valuation Given: Ahsan Company presents the following data for the month of August, 1995. August 1 August 4

accounting, business-managerial-accounting

Transcribed Image Text: Q. No. 5- Inventory valuation Given: Ahsan Company presents the following data for the month of August, 1995. August 1 August 4

Transcribed Image Text: Q. No. 5- Inventory valuation
Given: Ahsan Company presents the following data for the month of August, 1995.
August 1
August 4
August 6
August 7
August 10
August 13
August 15
August 20
August 27
August 30
Balance
100 units @ Rs. 25 per unit
200 units @ Rs. 26 per unit
160 units @ Rs. 35 per unit
80 units @ Rs. 38 pcr unit
240 units @ Rs. 24 per unit
100 units @ Rs. 33 per unit
110 units @ Rs. 30 per unit
220 units @ Rs. 26 per unit
130 units @ Rs. 33 per unit
40 units @ Rs. 35 per unit
Purchase
Sales
Sales
Purchase
Sales
Sales
Purchase
Sales
Salcs
Determine the cost of Ending Inventory. The cost of Goods Sales and the Gross
profit under perpetual system by FIFO Method.
Required:-

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