A company bought and sold goods as follows What is the value of the stock at 6 March based on FIFO A $44 B $45 C $65 D $66 March 1 3 5 6 Bought Units 20 100 10 20 Unit price ($) 2 00 In de 2 50 3900 3 00 Sold So Units 12 16...

In FirstInFirstOut FIFO method the goods that were bought first will sold first It mean the oldes ...

A company bought and sold goods as follows. What is the value of the stock at 6

Question:

A company bought and sold goods as follows.

What is the value of the stock at 6 March based on FIFO?

A. $44

B. $45

C. $65

D. $66

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Accounting A Level And AS Level

ISBN: 9780521539937

1st Edition

Authors: Harold Randall

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Question Posted: Aug 28, 2023 01:52 PM

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A company bought and sold goods as follows. What is the value of the stock at 6

Question:

March 1 3 5 6. Bought Units 20 100 10 20 Unit price ($) 2.00 In de 2.50 3900 3.00 Sold So Units 12 16

Step by Step Answer:

In FirstInFirstOut FIFO method the goods that were bought first will sold first It mean the oldes...View the full answer

Accounting A Level And AS Level

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