From the following figures calculate the closing inventory-in-trade that would be shown using (i) FIFO, (ii) LIFO,
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From the following figures calculate the closing inventory-in-trade that would be shown using (i) FIFO, (ii) LIFO, (iii) AVCO methods.
Transcribed Image Text:
March September Bought 200 at 20 each 100 at 22 each December Sold 240 for 30 each.
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Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
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