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  • Feb 15, 2012, 04:50 AM
    neha5
    Help me in this question.stock valuation
    Jan 01 6000units @1.5 each 2000 @2.5 each
    Jan 24 3500 @2 each 1500 @2.8
    Jan25 1000 @2.5 500 @3

    Opening inventory is 1000 units @1 per unit

    Selling expenses $2000.

    Calculate net profit using FIFI and AVCO

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