Study the information provided below and calculate the expected value of closing inventory as at 31 December 2022, if th

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Study the information provided below and calculate the expected value of closing inventory as at 31 December 2022, if th

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Study the information provided below and calculate the expectedvalue of closing inventory as at 31 December 2022, if the FIFOmethod of inventory valuation is used. (4 marks)
INFORMATION The following information was supplied by SunbeamManufacturers for 2022 in respect of its finished goods:
Inventory on 01 January 640 000
Cost of production of finished goods manufactured 570 000
Cost of goods sold 435 000 Sales value of the goods sold 675000
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