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B. Discount House sold bottled water and had the following transactions for the month of June. Stock on hand 2018 June 01 was 45 units
B. Discount House sold bottled water and had the following transactions for the month of June. Stock on hand 2018 June 01 was 45 units @ $200.
Purchases Sales
June02 75 units @ $205 june 06 55 units @ $250
June 08 30 units @ $210 June 10 40 units @ $260
June 15 20 units @ $215
june 22 70 units @ $225 june 23 85 units @ $270
Calculate closing stock using FIFO and AVCO methods.
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