R. Holder is a sole proprietor of a mini mart.

During the month of April 2016 he recorded the following

information:

Date Transaction Value

April 01 Opening Balance 200 @ $10
April 06 Purchased 340 @ $15
April 09 Purchased 200 @ $16
April 11 Sold 400 @ $20
April 14 Purchased 360 @ $17
April 20 Sold 480 @ $25
April 30 Sold 200 @ $30

(a) Using the stock forms provided, determine the value of the stationery remaining in stock at April 30,
2016 using (i) FIFO, (ii) LIFO, (iii) AVCO.

(b) Prepare a Trading Account for the month ending April 28, 2016.

$ FIFO LIFO AVCO

 R. Holder Stock Record Card (FIFO Method)
Purchases Sales Balance
Date Quantity Unit Price Balance Quantity Unit Price Balance Quantity Unit Price Balance
$ ($) ($) ($) ($) ($)

TOTAL
 R. Holder Stock Record Card (LIFO Method)
Purchases Sales Balance
Date Quantity Unit Price Balance Quantity Unit Price Balance Quantity Unit Price Balance
$ ($) ($) ($) ($) ($)

TOTAL
 R. Holder Stock Record Card (AVCO Method)
Purchases Sales Balance
Date Quantity Unit Price Balance Quantity Unit Price Balance Quantity Unit Price Balance
$ ($) ($) ($) ($) ($)

TOTAL