From the following figures calculate the closing


From the following figures calculate the closing inventory-in-trade that would be shown using (i) FIFO, (ii) LIFO, (iii) AVCO methods.

Bought

Sold

March

400 at £30 each

December

420 at £40 each

September

300 at £32 each

 

 

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Financial Accounting: From the following figures calculate the closing
Reference No:- TGS02182525

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