2/3 Purchases 900 books at #1,000 each
4/3 Purchases 590 books at # 950 each
15/3 Sales 300 books at #900 each

Calculate the cost of goods available for sale using LIFO.

Similar Questions

The mark-up on a product is 2/3. The margin is ...

Tale LTd. has 100,000 ordinary shares of ₦1 each and 60,000 5% preference shares of ₦1 each. Bot...

Stock of material 1/1..............N10,000 Purchase of raw material...........N160,000 Manufacturi...

Given: Fixed assets N85,600 Sales N197,000 Stock N34,300 Salaries N37,000 Purchases N127,700 S...

The accounting ratio used to measure the average number of days for which suppliers remain unpaid is...

............................31/12/07.......31/12/08 Stocks........................N4,200.........N3...

Zahki Plc balance sheet (extract) as at 31st December 1997.           ...

A trader paid insurance premium of N1,350 for 15 months ended 31st March 1991. He prepares to 31st D...

Okoro and Osula are in partnership sharing profits and losses in the ratio 3 : 2 respectively. Their...

When a share is sold for less than its nominal value, the difference is called ...