What was the closing inventory for the AVCO method?
Compute the cost of sales and closing inventory for Ganada Coose ltd using the below information:
Opening stock with Cost at 10,500 (220 units) and NRV of 11750
Jan purchases 1000 units at 45 per unit
March purchases 950 units totalling 41,250
May sales 930
August purchase 400 units at 41 per unit
November sales 1470 units
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