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Remaining Time: 1 hour, 54 minutes, 21 seconds. Question Completion Status: QUESTION 4 rom the information provided below calculate cost of goods sold and ending
Remaining Time: 1 hour, 54 minutes, 21 seconds. Question Completion Status: QUESTION 4 rom the information provided below calculate cost of goods sold and ending inventory under FIFO [First in First Out Method and Average Costing Method. 8+8 = 16 marks On 1 August LNT Co. had a balance in inventory of 120 units at AED 12 per unit. The following transactions occurred during the month. August 4 - Purchased 150 units at AED 15 per unit August 8 - Sold 170 units August 10 - 15 of the units sold on August 8 were returned August 12 - Purchased 90 units at AED 17 August 14 - Returned 15 of the units purchased on August 12 August 16 - Sold 125 units Answer: Please copy paste the below table 2 times while answering the above question under the both the methods N Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Cla Chp
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