Please solve it ASAP with all requirements 30. A company uses the first-in-first-out (FIFO) method...
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Accounting
Please solve it ASAP with all requirements
30. A company uses the first-in-first-out (FIFO) method of valuing inventory and makes the following purchases and issues of Material M. Date Units 1 July purchase 400 8 July purchase 750 12 July purchase 700 22 July issue 950 30 July issue 400 The inventory valuation of Material M on July 31 is: a) 1,190 b) 1,215 c) 1,225 d) 1,200
29. Financial budgets include: a) Pro forma statements, a sales budget, and a cost of goods manufactured budget. b) A budgeted income statement and budgeted balance sheet only. c) A budgeted income statement, budgeted balance sheet, and cash budget. d) Pro forma statements, a capital expenditures budget, and a cash budget.
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