a. From the following figures, calculate the closing stock in trade that would be shown using FIFO, LIFO and AVCO.

Bought		Sold
January	40 at 30 each	June	30 for 68 each
April	20 at 44 each	September	14 for 60 each

b. From the information given above, using the FIFO and LIFO methods for pricing issues, you are required to show the stores ledger records including the closing stock balance and stock valuation. Determine the cost of goods sold