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The following information relates to Yarra River Pty Ltd during September, 2022: (8 MARKS) 8 September - Purchased 1 September - Beginning Inventory 2400 units

The following information relates to Yarra River Pty Ltd during September, 2022: (8 MARKS) 8 September - Purchased 1 September - Beginning Inventory 2400 units @ $15 2700 units @ $18 3300 units @ $24 10 September - Sold 22 September - Purchased 30 September - Sold 2700 units @ $21 3300 units @ $27 Assume there is no GST on these goods that Yarra River Pty Ltd has bought and sold during the month. (It is not necessary to reconstruct detailed individual Stock Cards to record the flow of Inventory in and out of the store, as the firm uses a Periodic Inventory system). Required: Determine the Closing Inventory & Cost Of Goods Sold for the following methods for September, 2022. (Show your calculations and workings.) 1. Weighted Average Method a. Closing Inventory b. Cost Of Goods Sold $ 2. FIFO (First-In-First Out) a. Closing Inventory b. Cost Of Goods Sold $

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