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Homework answers / question archive / Prepare two different inventory control tables for Brawn Ltd once use LIFO another time use Weighted Average
Prepare two different inventory control tables for Brawn Ltd once use LIFO another time use Weighted Average. AND compare the gross profit under the each method.
|
Date |
Transactions |
Unit |
Unit price/cost |
|
1 March |
Purchases |
250 |
$40 |
|
15 March |
Purchase |
150 |
$43 |
|
28 March |
Sale |
200 |
$80 |
|
10 April |
Purchase |
100 |
$45 |
|
29 April |
Sale |
80 |
$85 |
|
30 April |
Sale |
120 |
$86 |
|
20 May |
Purchase |
50 |
$48 |
|
22 May |
Sales |
75 |
$90 |
