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Items_24-25 refer to the following information from a sole trader for the month of April. Purchases 05 April 10 April 200g @ $6 per gram
Items_24-25 refer to the following information from a sole trader for the month of April. Purchases 05 April 10 April 200g @ $6 per gram 600g @ $3 per gram Sales 12 April 17 April 100g @ $7 per gram 100g @ $9 per gram 24. Using the FIFO method, closing stock would be valued at (A) (B) (C) (D) $1 800 $2 250 $2 400 $4 000 25. Using the LIFO method, closing stock would be valued at (A) (B) (C) (D) $1 800 $2 250 $2 400 $4 000
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