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Below are the merchandise transactions of Yellow Company for the month of January 2019. January 1, 2019 January 5, 2019 January 10, 2019 January
Below are the merchandise transactions of Yellow Company for the month of January 2019. January 1, 2019 January 5, 2019 January 10, 2019 January 15, 2019 January 20, 2019 January 25, 2019 Beginning Inventory, 1.700 units purchased at 6TL per unit. Purchased 1.700 units at 8TL per unit. Purchased 3.400 units at 9TL per unit. Sold 5.440 units for 11TL (sale price) per unit. Purchased 1.360 units at 10TL per unit Sold 1.700 units for 13TL per unit Required: Under First In First Out - FIFO a. Gross Margin, b. Cost of Goods Sold, c. Cost of Ending Inventory. Please copy paste the table (inventory card) given below and solve the question using the table. INVENTORY CARD FIFO PURCHASED SOLD ON HAND DATE Q P T Q P T Q P T Jan 1 Jan 5 Jan 10 Jan 15 Jan 20 Jan 25 Q-quantity, P-price and T-total
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