Calculation of Gross Profit (Perpetual):
To calculate gross profit (perpetual) and gross profit (periodic), we take calculated inventories of FIFO from First in First out Method page and AVCO inventories from Weighted Average Cost Method page.
Calculation of Gross Profit (Perpetual)
For three months ending 31 March 2015
Calculation of Gross Profit (Periodic)
For three months ending 31 March 2015