Largo Co began operations on 1 June to supply potting compost to garden centres. During the first month, the following transactions took place.

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The business employs the AVCO method of inventories costing.

Calculate for June:

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Part 1

The cost of closing inventories =

1855818558

(Type an integer.)

Part 2

The cost of goods sold =

3374233742

(Type an integer.)

Part 3

The gross profit =

2625826258

(Type an integer.)

More info June Purchased/sold Tonnes Selling price/cost per tonne 5 Purchased 400 11 Purchased 900 19 Purchased 250 28 Sold 1,000 Print 8 30 34 38 60 Done - X