Question
The records of Watawala Company contain the following information relating to the inventory item of K730 for October 20X6 Oct. 1 3 9 14
The records of Watawala Company contain the following information relating to the inventory item of K730 for October 20X6 Oct. 1 3 9 14 19 22 26 28 31 Beginning Inventory purchase Sale Sale Purchase Sale Purchase Sale Sale Units 24245888 20 40 10 50 30 20 10 5 Unit Cost Rs.4 Rs.5 Rs.7 Rs.9 Using the periodic inventory system compute the cost of ending inventory and cost of goods sold. Use the FIFO and LIFO inventory costing methods
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Income Tax Fundamentals 2013
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