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Q5) Anya runs a computer supplies company. One of the items stocked is the Oracle' data disk. January 1 February 10 March 15 April 20

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Q5) Anya runs a computer supplies company. One of the items stocked is the Oracle' data disk. January 1 February 10 March 15 April 20 May 30 Opening inventory of 40 units at a cost of 2 each Bought20 units at a cost of 3 each Sold 36 units for 6 each Bought 20 units at a cost of 4 each Sold 25 units for 6 each Required: 5a) Calculate the value of stock at the end of the period for LIFO and Weighted Average Price methods (17 marks) 5b) Determine the gross profit for the period for each of the methods in (1) above using trading account format (6 marks)

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