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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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