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QUESTION FIVE Suppose an enterprise purchased the following stock for the year: January 20 units @ R3 000 each March 34 units @ R3 300
QUESTION FIVE Suppose an enterprise purchased the following stock for the year: January 20 units @ R3 000 each March 34 units @ R3 300 each July 16 units @ R4 100 each September 12 units @ R 4 800 each November 8 units @ R 5 200 each On 31 December there are 15 units in stock. What would be the value of stock using each of the following stock methods: 5.1 Weighted average cost method. 5.2 First-in-first-out method. Note: All Answers must be typed out and Workings must be shown
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