18.1 From the following figures calculate the closing inventory-in-trade that would be shown using (I) FIFO (in HFO (iii) AVCO methods. 18.2 For Review Question 18.1 draw up the trading account part of the income statement for the year showing the gross profits that would have been reported using (i) FIFO, (ii) LIFO, (iii) AVCO methods. 18.3A From the following figures calculate the closing inventory-in-trade that would be shown using (i) FIFO, (ii) LIFO, (iii) AVCO methods on a perpetual inventory basis. 18.4A Draw up trading account parts of the income statement using each of the three methods from the details in Review Question 18.3A