Menu
support@graduatecourseshelp.com
+1(805) 568 7317

during his first year of trading ted made the following purchases and sales purchase 729624

During his first year of trading, Ted made the following purchases and sales:

Purchases

 

 

Sales

 

January

2,000 units @ £3.00

6,000

 

 

April

1,000 units @ £3.40

3,400

 

 

 

 

 

May

1,600 units

October

3,000 units @ £4.00

12,000

 

 

 

 

 

November

1,600 units

 

 

21,400

 

 

Calculate Ted’s cost of goods sold and closing stock figures on the following bases:

(a) FIFO perpetual;

(b) FIFO periodic;

(c) average cost perpetual;

(d) average cost periodic.

"Order a similar paper and get 15% discount on your first order with us
Use the following coupon
"GET15"

Order Now