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Vision Company records the inventory as follows: Inventory on January 1st,202365 unit@...

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Accounting

Vision Company records the inventory as follows:
Inventory on January 1st,202365 unit@ BD 450 each
Additional purchase of inventory 150 unit@ BD 650 each
Assumes that 85 units are sold during the year at BD 750 each for total sales revenue of BD 63,750.
Calculate:
Cost of goods available for sale. (1 mark)
Gross profit using FIFO method. (1 mark)
Gross profit using LIFO method. (1 mark)
Gross profit using average method (average cost).(1 mark)
Calculate economic profit and holding gain. (2 marks)

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