Ouestion No 4 a) If there is a hyperinflation in the market, which...
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Ouestion No a If there is a hyperinflation in the market, which method FIFO or Moving average or LIFO is better to use for a company? Why? b X Ltd had the following inventory transactions for the year ending June, During the year company sold as per following schedule: It uses perpetual inventory system to record inventory. Calculate the value of the inventory, COGS, and Gros Profit under FIFO inventory system. IMarks: 
Ouestion No
a If there is a hyperinflation in the market, which method FIFO or Moving average or LIFO is better to use for
a company? Why?
b X Ltd had the following inventory transactions for the year ending June,
During the year company sold as per following schedule:
It uses perpetual inventory system to record inventory. Calculate the value of the inventory, COGS, and Gros
Profit under FIFO inventory system.
IMarks:
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