You are presented with the following information for Trusty Limited: There was no opening stock. Required: Calculate
Question:
You are presented with the following information for Trusty Limited:
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There was no opening stock.
Required:
Calculate the value of closing stock at 31 March 2011 using each of the following methods of pricing the issue of materials to production:
(a) FIFO (first-in, first-out)
(b) Continuous weightedaverage.
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Step by Step Answer:
Closing stock calculations 1 FIFO 800 units 12 9600 2 Continuous weight...View the full answer
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