the rate is not written you should put from your mind PART...
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Accounting
the rate is not written you should put from your mind
PART A Sara and Siham are in business, buying and selling goods for resale. During September 2019 the following transactions occurred: 1 September Balance brought forward: NIL 3 September Bought_units @ $_ each 7 September Sold 180 units @ 8 September Bought units @ $ each 14 September Sold 170 units@ 15 September Bought units @ $ each 21 September Sold 150 units @ Calculate the following: a) Value of Closing Inventory using FIFO method. (1 mark) b) Cost of Goods Sold (1 mark) c) Gross Profit (1 mark) PART B Explain in brief the various Inventory Management Systems adopted in the Retail Sector. (2 marks)
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