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Question 3.13: A business supplies coal to factories and has the following ...

A business supplies coal to factories and has the following transactions during a period.

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Tonnes    Cost per tonne
May   1  Opening stock/inventory 1,000  $10
2 Purchased 5,000  $11
 3 Purchased 8,000  $12
14,000
6 Sold 9,000
Closing stock/inventory 5,000

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