Question: What was the closing inventory for the AVCO method? Compute the cost of sales and closing inventory for Ganada Coose ltd using the below information:

What was the closing inventory for the AVCO method?

Compute the cost of sales and closing inventory for Ganada Coose ltd using the below information:

Opening stock with Cost at €10,500 (220 units) and NRV of €11750

Jan purchases 1000 units at €45 per unit

March purchases 950 units totalling €41,250

May sales €930

August purchase 400 units at €41 per unit

November sales 1470 units

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