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1- The inventory transactions of an item are presented below: Beginning inventory, 200 units at a cost of 25 TL per unit. Purchased 300 units
1- The inventory transactions of an item are presented below:
- Beginning inventory, 200 units at a cost of 25 TL per unit.
- Purchased 300 units at 28 TL per unit
- Sold 180 units
- Sold 120 units
- Purchased 250 units at 32 TL per unit
- Sold 160 units
- Write ledger entries for each purchase and sale transaction using WEIGHTED AVERAGE
- ALL TRANSACTIONS ARE ON ACCOUNT
- Selling price is 38 TL per unit
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