Compute the cost of sales and closing inventory for Ganada Coose ltd using the below information:

Opening stock with Cost at 10,500 (220 units) and NRV of 11750

Jan purchases 1000 units at 45 per unit

March purchases 950 units totalling 41,of 250

May sales 930

August purchase 400 units at 41 per unit

November sales 1470 units

1. What was the Cost of Sales for the FIFO method?

2. What was the closing inventory for the FIFO method?

3. What was the cost of sales for the AVCO?

4. What was the closing inventory for the AVCO method?