QUESTION 2 35 MARKS Date Bought 15 at N$ 12.50 25 at N$ 12.80 Date Sold 01 March 2017 06 March 2017 20 05 March 2017 15 March 2017 20 17 March 2017 40 at N$ 13.20 24 March 2017 20 23 March 2017 20 at N$ 13.60 30 March 2017 20 31 March 2017 12 at N$ 14.10 Selling price: N$ 20 Use the above infor tic to calculate closing inventory that would be shown using below methods for 31 March 2017 financial year. 04 Marks 11 Marks FIFO AVCO ii) iii) iv) Calculate purchases using FIFO and AVCO Calculate cost sale using FIFO and AVCO Calculate sales using FIFO and AVCO Prepare trading statement as at 31 March 2017 04 Marks 04 Marks 04 Marks V 08 Marks vi)