$1\mathrm{.}3$ LYON STORES $($WA$)$

The business, owned by Lyon, sells one type of leather purse. The business uses the weighted$-$average method and the periodic stock system to value stock.

REQUIRED:

Refer to Information A:

$1\mathrm{.}3\mathrm{.}1$ Calculate the following for the financial year ended $28$ February $2023$:

Value of the closing stock

Number of units missing

Explain TWO strategies that Lyon could use to address the problem of customers stealing items.

INFORMATION:

A$.$ Leather purses:

$\backslash$table$[[,$Date,$\backslash$table$[[$Number of$],[$purses$]],\backslash$table$[[$Cost price$],[$per purse$]],$Total value$],[\backslash$table$[[$Stock$],[$balances$]],1$ March $2022,480,,$R$71040],[,28$ Feb $2023,360,,?$