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The following transactions relates to the record of R. Banks for...

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Accounting

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The following transactions relates to the record of R. Banks for the six months ended October 31 20012.. Date January April October Bought quantity in units 48 132.. qo Cost per unit ($) 10 12 13 Date June November Quantity in units sold 60 68 Price ($) 16 18 Required A. From the information given above calculate the closing stock in trade that would be shown using the FIFO, LIFO, and Average Cost Methods. (18 marks)

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