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Question three The transactions below represent the movement of stock for Willie Haggart Wholesale for 2012. Bought Sold 2012 January: 10 units @ $30 each
Question three The transactions below represent the movement of stock for Willie Haggart Wholesale for 2012. Bought Sold 2012 January: 10 units @ $30 each May: 8 units for $50 each April: 10 units@\$34 each November: 24 units for $60 each October: 20 units @\$40 each Required: determine the value of ending inventory based on the FIFO and AVCO methods. 9
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