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3 Use the information provided by Klicks Stores below lo prepare an extract of the

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statement of comprehensive income for the year ended 31 December 2020 that

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reflects the value of closing inventory as at 31 Decerber 2020 and gross profit

for the year ended 31 December 2020 using the following methods of inventory

valuation:

23.1Weighted average cost (Round off the average cost per unit to the nearest cent.)

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2.3.2 First-In-First-Out(FIFO)

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23.3Last-In-First-Out (LIFO).

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INFORMATION