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Gecko Ltd. sells a particular item of stock which had the following movements during 2016. Gecko uses a periodic inventory system: Required: a) Prepare the

Gecko Ltd. sells a particular item of stock which had the following movements during 2016. Gecko uses a periodic inventory system: Required: a) Prepare the Cost of Goods Avallable for Sale schedule. (3 marks) b) Calculate the value for closing stock and Cost of Goods sold assuming: (a) FIFO is used (b) LIFO is used (5 marks) (c) AVCO is used

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