Please Help Members By Posting Answers For Below Questions
impairment & Amortisation Means
In Pricing the gallons of petrol sold,service station 'A'
follows the first-in-first-out method,while service
station'B'follows last-in-first-out method.On 1st January
both has the same quantity in stock viz.6,000 gallons at
Rs.26 per gallon.During the month,each station recieved
additional supplies of 6,000 gallons at Rs.27.50 per
gallon.Sales for each of these two stations,during the
month,were 8,800 gallons at Rs.29 per gallon.
Determine for each service station,profit earned during
the month and value of the petrol in stock at close of the
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