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Compute the value of closing stock at the end of the 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

Purchases

15

14

210

Purchases

23

15

345

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

Reference no: EM132563727

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