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Assignment Question The following transaction relates to ABC Ltd for the month of June 2020: June 1 balance bought down (bal b/d) 15 units
Assignment Question The following transaction relates to ABC Ltd for the month of June 2020: June 1 balance bought down (bal b/d) 15 units @ $4.00 each June 3 bought 20 units @ $6.00 each June 7 sold 20 units @ 10 each June 14 sold 4 units @ 12 each June 18 bought 24 units @ 8 each June 21 Sold 20 units @ $15 June 28 Sold 5 units @ 18 each Required: Prepared the Stock valuation using the FIFO, LIFO, AVCO and also the Income Statement for each
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