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KAPA company deals with the marketing of only one type of goods. The following items are from its adjusted balance sheet at the end of

KAPA company deals with the marketing of only one type of goods. The following items are from its adjusted balance sheet at the end of the 2X20 year:

Data Initial stock: 4,000 units, 60 per unit Purchases of 2X20: 10,000 units, 75 per unit with credit. The cash price is 70. insurance: 2,000 Profits from furniture sale -at discounted price: 3,000 Special purchase fees: 20,000 Sale price: 95 per unit on credit. The price in cash is 90 (the interest concerns only the use 2X20). Units sold: 7,000 Share Capital: 400,000 Buildings: 120,000 Depreciated buildings: 20,000 Treasury Shares: 20,000 Special sales costs: 10,000

Rents (income) for the year: 20,000 Retained Earnings: ? Fire damage: 7,000 Reserves: 80,000 Tax rate: 30%

Taking into account the above data and the fact that: 1. The net liquid value (on 31/12 / 2X20) of the final stock amounts to 67 per unit. 2. The company follows the system of periodic inventory. 3. The buildings have a useful life of 10 years and a residual value of 20,000. The company follows the fixed method for determining the annual depreciation. 4. The "Profits in neon" at the beginning of the year 2X20 was 10,000.

Requested to: a. Calculate the cost of 2X20 sales based on the methods FIFO, LIFO and Weighted Average.

b)-

c)prepare the income statement for 2x20 using only the fifo method

d)-

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