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THE ANSWERS SHOULD NOT BE COLLUDED. Question 1 (30 marks) Green house Pte Ltd uses the perpetual inventory system and has the following information for

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THE ANSWERS SHOULD NOT BE COLLUDED. Question 1 (30 marks) Green house Pte Ltd uses the perpetual inventory system and has the following information for the month ended February 2020. Date Units 35 Price ($) 184 Beginning inventory Purchases 6 Feb 15 Feb 28 Feb 25 60 40 19 15 134 Issues 7 Feb 12 Feb 27 Feb 304 184 39 Required: a) Prepare the inventory stock valuation card and;- b) compute the ending inventory and cost of sales using for each: i) ii) FIFO (FIRST IN FIRST OUT) LIFO (LAST IN FIRST OUT) WEIGHTED AVERAGE (WA) [10 marks] [10 marks] [10 marks]

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