During 20X9 the following inventory of XYZ was acquired and used by Degrees. There was no opening

Question:

During 20X9 the following inventory of XYZ was acquired and used by Degrees.

There was no opening inventory of XYZ.


Required: 

Using the FIFO method, calculate the closing inventory of XYZ for inclusion in the 20X9 financial statements of Degrees.

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Related Book For  book-img-for-question

International Financial Reporting And Analysis

ISBN: 9781473766853

8th Edition

Authors: David Alexander, Ann Jorissen, Martin Hoogendoorn

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