3 4 5 6 7 8 9 10 11 02-Sep purchased 1000 units @ $2.00 per unit 04-Sep purchased 1000 units @ $2.10 per unit 05-Sep issued 1200 units 10-Sep received 500 units @2.25 per unit 16-Sep issued 700 units 22-Sep Received 1200 units @ $2.20 per unit 28-Sep issued 200 units

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
1
2
3
4
D10
5
6
34567890
14
15
2.
16
17
18
Undo
19
20
A
Paste
Clipboard
Unmute
B
VX✓ fx
A A
BIU A E
7
8
9
10
11
12 Calculate the issue price and closing stock valuation,
by using FIFO/LIFO/weighted average
13
Calibri
FIFO
C
Start Video
D
Y
02-Sep purchased 1000 units @ $2.00 per unit
04-Sep purchased 1000 units @ $2.10 per unit
05-Sep issued 1200 units
10-Sep received 500 units @2.25 per unit
16-Sep issued 700 units
22-Sep Received 1200 units @ $2.20 per unit
28-Sep issued 200 units
Font
+
11
E
LIFO Weighted Average
F
G
Partici
Transcribed Image Text:1 2 3 4 D10 5 6 34567890 14 15 2. 16 17 18 Undo 19 20 A Paste Clipboard Unmute B VX✓ fx A A BIU A E 7 8 9 10 11 12 Calculate the issue price and closing stock valuation, by using FIFO/LIFO/weighted average 13 Calibri FIFO C Start Video D Y 02-Sep purchased 1000 units @ $2.00 per unit 04-Sep purchased 1000 units @ $2.10 per unit 05-Sep issued 1200 units 10-Sep received 500 units @2.25 per unit 16-Sep issued 700 units 22-Sep Received 1200 units @ $2.20 per unit 28-Sep issued 200 units Font + 11 E LIFO Weighted Average F G Partici
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