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A company had the following transaction for the year ending 31 December 2020. BOUGHT SOLD Jan 01 24 units @ $10 each April 21

A company had the following transaction for the year ending 31 December 2020. BOUGHT SOLD Jan 01 24 units @ $10 each April 21 15 units @ $8 each Feb 06 16 units $6.25 each July 05 16 units @ $9 each June 12 20 units @ $7.00 each Using the perpetual inventory method to calculate: A. B. FIFO AVCO Differentiate between periodic and perpetual stocktaking (10 marks) (7 marks) (3 marks)

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