Question

Queen Hospital began operating a new department on April 1. This department purchased and issued a...

Queen Hospital began operating a new department on April 1. This department purchased and issued a single supply item as follows:

units unit cost
April 1 purchased 500 $5
5 issued 300
10 purchased 200 $6
15 purchased 300 $7
25 issued 400

Compute the supply expense for this department during April if the department uses Perpetual FIFO costing.

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Supply Expense Under FIFO Method

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