Prepare two different inventory control tables for Brawn Ltd once use LIFO another time use Weighted...

 

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Prepare two different inventory control tables for Brawn Ltd once use LIFO another time use Weighted Average. AND compare the gross profit under the each method. Date Transactions Unit Unit price/cost 1 March Purchases 250 $40 15 March Purchase 150 $43 28 March Sale 200 $80 10 April Purchase 100 $45 29 April Sale 80 $85 30 April Sale 120 $86 20 May Purchase 50 $48 22 May Sales 75 $90 Prepare two different inventory control tables for Brawn Ltd once use LIFO another time use Weighted Average. AND compare the gross profit under the each method. Date Transactions Unit Unit price/cost 1 March Purchases 250 $40 15 March Purchase 150 $43 28 March Sale 200 $80 10 April Purchase 100 $45 29 April Sale 80 $85 30 April Sale 120 $86 20 May Purchase 50 $48 22 May Sales 75 $90

Answer rating: 100% (QA)

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