Spratley Ltd is a builders merchant. On 1 September the business had, as part of its inventories,
Question:
On 7 September the business sold 60 tonnes of sand to a local builder.
Required:
Calculate the cost of goods sold and of the remaining inventories using the following costing methods:
(a) first in, first out
(b) last in, first out
(c) weighted average cost.
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Related Book For
Accounting and Finance An Introduction
ISBN: 978-1292088297
8th edition
Authors: Peter Atrill, Eddie McLaney
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