the rate is not written you should put from your mind

the values in blank you need to guess to make a scenario and able to answer the related questions.

Question 2 INVENTORY MANAGEMENT PART A Musalam are in business, buying and selling goods for resale. During December 2019 the following transactions occurred: 1 December Balance brought forward: NIL 4 December Bought units @ $ each December Sold 180 units @ 10 December Bought units @ $ each 11 December Sold 170 units@ 15 December Bought units @ $ each 22 December Sold 150 units @ Calculate the following: Value of Closing Inventory using AVCO method. (1 mark) b) Cost of Goods Sold (1 mark) c) Gross Profit (1 mark) PART B Explain in brief the various Inventory Management Systems adopted in the Wholesale Sector. (2 marks)