ABC Limited provides you the following information. Calculate the cost of goods sold and ending inventory, applying

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ABC Limited provides you the following information. Calculate the cost of goods sold and ending inventory, applying the LIFO method of pricing raw materials under the Perpetual and Periodical Inventory Control Systems.

Also explain in brief the reasons for a difference in profit, if any.

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Cost Accounting

ISBN: 9780070221628

4th Edition

Authors: Jawahar Lal, Seema Srivastava

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Question Posted: Aug 30, 2023 01:14 PM

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ABC Limited provides you the following information. Calculate the cost of goods sold and ending inventory, applying

Question:

Date January 1 10 12 16 19 30 Particulars Opening Stock Purchases Withdrawals Purchases Issues Receipts Units 200 400 500 300 200 100 Per unit cost (Rs.) 10 12 - 11 - 15

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Reasons for Difference in Profits The cost of good soldissue...View the full answer

Cost Accounting

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