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Determine the value of closing stock at the end of period

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Question - Blueberry Ltd uses the FIFO assumption with the periodic inventory method.

 

Units

Unit Cost $

Total Cost $

Beginning Inventory

8

12

96

Purchase

15

14

210

Purchase

23

15

345

Sales during year were 18 units. Determine the value of closing stock at the end of the period?

Reference no: EM132836290

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