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Unique Limited entered into the following inventory transactions during April 2 0 1 5 April. table [ [ Date , Details ] , [

Unique Limited entered into the following inventory transactions during April 2015 April.
\table[[Date,Details],[1 April,\table[[Inventory on hand:],[14 units at R1.80 each],[6 units at R2.00 each]]],[5 April,\table[[Purchased 60 units at R3.00 each],[Purchased 35 units at R4.00 each]]],[15 April,Purchased 40 units at R5.00 each],[19 April,Sold 50 units],[22 April,Purchased 100 units at R4.00 each],[30 April,Sold 60 units]]
All units are sold at a selling price of R6.00 each. Unique Itd uses the perpetual inventory system.
Required:
Calculate the cost of closing inventory on hand at 30 April 2015 using each of the following methods.
5.1 First In First Out (FIFO)
5.2 Weighted Average Cost Method.
5.3 Calculate the gross profit under each method.
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