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2. Inventory transactions of a company for October 2014 period are given below: 01.10.2019 beginning inventory 2,000 units (unit cost 40.00 TL). V 03.10.2019 purchased
2. Inventory transactions of a company for October 2014 period are given below: 01.10.2019 beginning inventory 2,000 units (unit cost 40.00 TL). V 03.10.2019 purchased 8,000 units, 50.00 TL per unit. V 05.10.2019 used 6,000 units for production. 12.10.2019 purchased 12,000 units, 52 TL per unit. 18.10.2019 used 4,000 units, for production. 22.10.2019 used 8,000 units for production. 26.10.2019 purchased 12,000 units, 55.00 TL per unit. Required: a) Record inventory transactions to Materials Requisition Card by using Weighted Average Method (Perpetual Inventory System). b) Calculate cost of raw materials used and ending inventory of raw materials by using Periodic Inventory System. Compare the results and explain, why raw materials costs and ending inventory of raw materials are same or different. (15 points)
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