FNS40217 Certificate IV in Accounting and Bookkeeping - Module 1.2 Tutoring

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Module 1.2 Tutoring

Question 3

Good Life Cola Co. buys cola for resale. The company uses a periodic inventory system.
Stock purchases of cola for the month of September were as follows:

Required:

  1. Calculate the closing inventory balance using the weighted average cost method. (Show your workings.)
  2. Complete the following Trading Statement for the month:

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