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A newly established merchandising company acquires equipment and inventories at 12.000 TL and 18.000 TL, respectively. After a while, it sells the equipment for 13.000
A newly established merchandising company acquires equipment and inventories at 12.000 TL and 18.000 TL, respectively. After a while, it sells the equipment for 13.000 TL and sells half of the inventories at 11.000 TL. Assuming that all payments are made in cash, periodic inventory system applies and there are no other transactions, what is the gross profit for the company at the end of the period?
a- 3.000 TL
b- 1.000 TL
c- 1.500 TL
d- 2.000 TL
e- other
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