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5: (from chapter 29) From the following figures calculate the closing inventory that would be shown using i) FIFO, ii) LIFO, iii) AVCO methods separately.
5: (from chapter 29) From the following figures calculate the closing inventory that would be shown using i) FIFO, ii) LIFO, iii) AVCO methods separately. Sold Bought Month January April No. of items bought 123 Price bought at () 19 Month June No. of items sold Price sold at () 128 26,5 83 21 November 213 29,5 October 153 22
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