CoursHeroTranscribedText: Instruction: Complete ALL questions from this section. Question 1 Ricks' Juice Bar had the...
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CoursHeroTranscribedText: Instruction: Complete ALL questions from this section. Question 1 Ricks' Juice Bar had the following purchases and sales for the month of January 2020. Purchases Sales January 300 @ $2.50 6 150 @ $3.00 10 120 @ $4 15 220 @ $9 20 200 @ $3 30 220 @ $9 Required A. Calculate the closing stock using: 1. FIFO 11. AVCO (10 marks) B. Calculate the Trading accounts for the month if the closing stock is valued using FIFO
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