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A. From the information given above calculate the closing stock using the method for: i. FIFO (7 marks) ii. AVCO (7 marks) B. Prepare the
A. From the information given above calculate the closing stock using the method for: i. FIFO (7 marks) ii. AVCO (7 marks) B. Prepare the Trading Account for the period using FIFO and AVCO, clearly showing the Cost of Sales and the Gross Profit. (6 marks)
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