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What will be the result of the sales transaction if the FiFo method is used? Profit or loss? A company gives the following details about
What will be the result of the sales transaction if the FiFo method is used? Profit or loss?
A company gives the following details about buys and sales of stock: 280 800 IB, 40 pcs x 7,00 Buy 1, 80 pcs x 10,00 Buy 2, 10 pcs x 15,00 Sale, 60 pcs x 9,00 150 540 Stock price by the end of year (outgoing balance) is 9,50 pr stock Question? If the company is small and can use the FiFo-method. What will the result of the sales transaction be Step by Step Solution
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