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QUESTION 5 [15] Action Sports is a retailer selling running shoes. For the year purchases were as follows: January 200 units @ R 150 each
QUESTION 5 [15] Action Sports is a retailer selling running shoes. For the year purchases were as follows: January 200 units @ R 150 each April 400 units @ R 160 each July 450 units @ R 175 each October 250 units @ R 140 each On 31 December there were 300 pairs of running shoes in stock. What is the value of the final stock using? 5.1 The weighted average cost price method 5.2 The First-in-first-out method (FIFO)
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