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please type the answers, you can leave the trading statement out QUESTION 2 35 MARKS Page 19 of 22 Date Bought Date Sold 01 July
please type the answers, you can leave the trading statement out
QUESTION 2 35 MARKS Page 19 of 22 Date Bought Date Sold 01 July 2021 45 at N$ 18.25 08 July 2021 28 25 at N$ 18.55 12 July 2021 24 07 July 2021 14 July 2021 16 at NS 17.95 23 July 2021 22 18 July 2021 31 at N$ 14.85 29 July 2021 27 31 July 2021 14 at N$ 13.10 Selling price: N$ 29.50 Use the above information to calculate closing inventory that would be shown using below methods for 31 July 2021 financial year. FIFO 04 Marks AVCO 11 Marks Calculate purchases using FIFO and AVCO 04 Marks Calculate cost sale using FIFO and AVCO 04 Marks Calculate sales using FIFO and AVCO 04 Marks Prepare trading statement as at 31 March 2020 08 MarksStep by Step Solution
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