Question: 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

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

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