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January 1, 2021- Purchase 1,000 units costing 1,500 January 31, 2021- Sold 800 units for 4,000 and replaced them with units costing2,800. February 29, 2021-
January 1, 2021- Purchase 1,000 units costing 1,500
January 31, 2021- Sold 800 units for 4,000 and replaced them with units costing2,800.
February 29, 2021- Sold 400 units for 2,000. Purchased 100 units costing 400.
March 31, 2021- Sold 400 units for 2,200 & purchased 200 units costing 1,000.
The following Price Indicies are gives:
2021
January 1 200
January 31. 220
February 29. 230
March 31. 240
Prepare trading account by current cost accounting method and current purchasing power method.
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