Data below relates to purchases and sales made by Jumbo Ltd which sells only one product....
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Data below relates to purchases and sales made by Jumbo Ltd which sells only one product. 2004 Quantity Unit cost Unit selling price $25 $28 $30 Jan 1 10 30 3 i) ii) iii) Feb Balance Units received Units issued Units received Units issued 21 March 6 15 26 30 Calculate the value of stock on 31 March based on LIFO, FIFO, AVCO, 5 100 1 490 3 000 2310 4 000 3 800 700 1 000 2450 Units received Units issued Units received Units issued $32 $40 $40 $44 $46 $48 Data below relates to purchases and sales made by Jumbo Ltd which sells only one product. 2004 Quantity Unit cost Unit selling price $25 $28 $30 Jan 1 10 30 3 i) ii) iii) Feb Balance Units received Units issued Units received Units issued 21 March 6 15 26 30 Calculate the value of stock on 31 March based on LIFO, FIFO, AVCO, 5 100 1 490 3 000 2310 4 000 3 800 700 1 000 2450 Units received Units issued Units received Units issued $32 $40 $40 $44 $46 $48
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Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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