Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 20 Feb 2018 My Price 5.00

Marsden Computing

3   Marsden Computing buys end-of-range computers and sells them to the general public at monthly auctions. Its transactions for the past three months have been as follows (on 1 January it held 20 computers which had cost £550 each):

January        Bought 300 computers at £550 each and sold 260 for £700 each February  Bought 240 computers at £650 each and sold 280 for £700 each

March        Bought 300 computers at £600 each and sold 290 for £680 each.                     �

 

Prepare the trading account for the three-month period, assuming

(a)     a FIFO inventory valuation method

(b)     an AVCO inventory valuation method.

Answers

Maurice Tutor
(5)
Status NEW Posted 20 Feb 2018 10:02 PM My Price 5.00

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