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Inventories are valued according to the AVCO- average cost method. Calculate and post the change in stock. Bought 2021 January February July October 100
Inventories are valued according to the AVCO- average cost method. Calculate and post the change in stock. Bought 2021 January February July October 100 at 225 kr each 120 at 232 kr each 200 at 235 kr each 180 at 240 kr each 600 22 500 27 840 47 000 43 200 140 540 Sold 2021 March May September 92 for 314 kr each 99 for 320 kr each 190 for 340 kr each 381 28 888 31 680 64 600 125 168
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
13th edition
134472144, 978-0134472140
