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Answer ALL Questions Question 2. Thor Bhd. stock records shows the following transactions for a specific item for the month May 2022. Date June
Answer ALL Questions Question 2. Thor Bhd. stock records shows the following transactions for a specific item for the month May 2022. Date June '22 Receipts Issued units 2 50 13 20 50 27 60 75 The stock at the beginning of last month consisted of 50 units valued at RM500.00. The receipts for the month cost RM52.00 per unit. Closing balance in June was 50 units. Required. Calculate the value of the stock, based on. i. FIFO ii. LIFO iii. Average Cost (3 marks) (3 marks) (3 marks)
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