Solution-Determine the cost of units used by using the

Determine the cost of units used by using the closing stocks

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Reference no: EM132633831

Assume the following purchases were made in ABC Ltd

Date of purchase Units Purchased Price per Unit

1st January 600 230

2nd January 800 450

3rd January 1100 200

Required:

Question 1: Determine the cost of units used by using and the value of the closing stocks by using ;

FIFO
LIFO
Weighted Average Methods.

Reference no: EM132633831

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Determine the cost of units used by using the closing stocks

Reference no: EM132633831

Reference no: EM132633831

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