3.4 Jethro sells an extensive range of children’s toys. He likes to be well informed at all times about the performance of his business. Part of the routine work of his administrative assistant is to draw up a monthly trading account so that Jethro can check on gross profit levels. Information about revenue and purchases relating to a three-month period October to December 20X4 is as follows:

October £ November £ December £

Revenue 39,370 48,998 56,306 Purchases 37,085 40,830 6,250 Inventory at the beginning of October was valued at £30,863.

Inventory at the end of each of the three months was as follows:

October £43,258 November £53,190 December £23,980 Draw up a trading account for Jethro’s business for each of October, November and December 20X4.