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Q - ( 5 Marks: c 1 : 5 ) : Asian company record their transactions concerning part x for the month of March was

Q-(5 Marks: c1:5): Asian company record their transactions concerning part x for the month of March
was as follows.
[5 Marks]
Instructions
a. Compute the inventory at March 30 on each of the following bases. Assume that perpetual
inventory records are kept in units only. (Carry unit costs to the nearest cent.)
Specific identification; ending inventory is comprised of 200 units from beginning inventory
and 350 units from the March 27 purchase.
First-in, first-out (FIFO).
Average-cost.
b. If the perpetual inventory record is kept in Dinar, and costs are computed at the time of each
withdrawal, what amount would be shown as ending inventory in 1,2, and 3 above? (Carry
average unit costs to four decimal places.)
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