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The purchases of a mobile shop are as given. The shop sells 25 mobiles. Calculate the cost of goods sold using average method. Purchases No
The purchases of a mobile shop are as given. The shop sells 25 mobiles. Calculate the cost of goods sold using average method. Purchases No of mobiles purchased Cost/Unit July 1 20 20 September 9 November 7 50 32 30 30 a. 550 RO O b. 800 RO O c. 725 RO O d. 2175 RO An electronic shop sells 16 mobiles. The purchases made by the electronic shop are given below. Calculate the value of closing inventory using FIFO method. Purchases No of mobiles purchased Cost/Unit December 1 8 December 8 6 76 40 December 18 12 50 O a. 904 RO O b. 500 RO O c. 472 RO O d. 876 RO
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
9781266566899
