Question: Please nothing on excel I need step by step explinantion Show calculations Calculate, for the month of March, cost of sales and closing inventory assuming
Calculate, for the month of March, cost of sales and closing inventory assuming perpetual inventory system is in place, using the following inventory valuation methods: i- Weighted Average AVCO (7 marks) ii- First In First Out FIFO DateUnits Purchased Mar, |Balance: 300 units @ 01 3 each 8 marks Units Sold 150 units E 4 each 01 Mar 09 300 units 7 each 50 units 5 each 13 250 units 4 each 17 Mar 20 120 units @ 8 each
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