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In Class Exerci Tte fillowing infrrmation relats to XYZ Ltd. XYZ Ltd CDs uses the piodic inventory system to acmunt its inventory. lhe following
In Class Exerci Tte fillowing infrrmation relats to XYZ Ltd. XYZ Ltd CDs uses the piodic inventory system to acmunt its inventory. lhe following information relates to the three rmnth period atding 31 March 2016. All costs are net of GST. At I January 2016 beginning tvertory was 1,000 CDs with an average cost pke ofS4 each. hmnry Sales Fe&tnry Saks Sals Units 1,200 Total cost of purctuses Units soki s 3,600 ooo ooo S9600 750 650 Total sales s 8,000 8,500 S27 700 .A stockte 350 CDs on on 31 March 2016. system calculate cog of inventory ofCDs 31 March 2016 usirv ueiehted (4 narks)
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