Q.No.2. For the month of April, 2021, the opening stock of the company ABC was 200 units @ 10 each. Purchases: April 05, 2021 300 units @ 12 each April 08, 2021 400 units @ 08 each April 20, 2021 500...


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Q.No.2. For the month of April, 2021, the opening stock of the company ABC<br>was 200 units @ 10 each.<br>Purchases:<br>April 05, 2021<br>300 units @ 12 each<br>April 08, 2021<br>400 units @ 08 each<br>April 20, 2021<br>500 units @ 10 each<br>Issues:<br>April 06, 2021<br>200 units @ 12 each<br>April 10, 2021<br>300 units @ 12 each<br>April 16, 2021<br>200 units @ 12 each<br>April 25, 2021<br>300 units @ 12 each<br>Required: Provide closing stock using last in first out inventory valuation method.<br>

Extracted text: Q.No.2. For the month of April, 2021, the opening stock of the company ABC was 200 units @ 10 each. Purchases: April 05, 2021 300 units @ 12 each April 08, 2021 400 units @ 08 each April 20, 2021 500 units @ 10 each Issues: April 06, 2021 200 units @ 12 each April 10, 2021 300 units @ 12 each April 16, 2021 200 units @ 12 each April 25, 2021 300 units @ 12 each Required: Provide closing stock using last in first out inventory valuation method.

Jun 11, 2022
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