From the following figures calculate the closing inventory-in-trade that would be shown using (i) FIFO, (ii) LIFO, (iii) AVCO methods on a perpetual inventory basis.
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Bought
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Sold
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January
|
120 at £16 each
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June
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125 at £22 each
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|
April
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80 at £18 each
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November
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210 at £25 each
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October
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150 at £19 each
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