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PLEASE ANSWER IT ASAP Lavona has the following inventory purchases and sales Purchases March 900 units es 30 per unit October 350 unitses 29 per
PLEASE ANSWER IT ASAP
Lavona has the following inventory purchases and sales Purchases March 900 units es 30 per unit October 350 unitses 29 per unit Sales December 650 unipse 5 45 per unit Required A Calculate the Sales, Cost of Goods Sold, Ending inventory and Gross Proht for the year using the below valuation method under the perpetual method: 1 FIFO (7 Marks) 2 AVCO 7 Marks) 3. LIFO (7 Marks) B. Inventory is valued at the lower of historical cost and net realizable value. Explain the net realizable Value (4 marks) Step by Step Solution
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