3.4 Jethro sells an extensive range of childrens’ 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 3-month period October –

December 2012 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 3 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 2012.