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2) Below are the merchandise transactions of Orange Company for the month of January 2021 January 1, 2021 January 5, 2021 January 10, 2021

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2) Below are the merchandise transactions of Orange Company for the month of January 2021 January 1, 2021 January 5, 2021 January 10, 2021 January 15, 2021 January 20, 2021 January 25, 2021 Beginning Inventory, 10.000 units purchased at TL10 per unit. Purchased 10,000 units at TL12 per unit. Sold 15.000 units at TL12 per unit. Purchased 5,000 units for TL15 per unit. Purchased 10.000 units at TL17 per unit Sold 16.000 units at TL 20 per unit A) Prepare the Inventory Card according to both FIFO and WAC system and calculate the following: a) Gross Profit b) Gross Margin c) Cost of Ending Inventory B) Journalize transactions on January 10 and January 25.

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