financial accounting

10 20 points Present the different methods of treatment of inventory IVA IE3 **17* Paragra The different methods of treatment of inventory are LIFO and FIFO and AVCO. The FIFO method forintos outrepresents that the end first will be used first. The last in first out method means that the inventores acquired last are to be used first. The last method CAVCOM implies that all the inventories acquired are put together in a poor and are used no matter of which was acquired first of a 1210 points You are given the following accounting information: Sales revenue: 150,000 Opening trade receivables: 30,000 Opening trade payables: E20,000 Opening inventories: 10,000 Closing trade receivables: 50,000 Closing trade payables: 10,000 Closing Inventorles: 20,000 What is the change of the cash balance (do not put a sign in front of the amount in your answer)? Type your