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Date 1.05.2018 5.05.2018 10.05.2018 18.05.2018 20.05.2018 25.05.2018 Explanation Beg. Inv. Purchase Purchase Sale Purchase Units 200 300 100 250 150 300 Unit Cost 20TL 21TL

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Date 1.05.2018 5.05.2018 10.05.2018 18.05.2018 20.05.2018 25.05.2018 Explanation Beg. Inv. Purchase Purchase Sale Purchase Units 200 300 100 250 150 300 Unit Cost 20TL 21TL 22TL 23TL Sale Assume that all purchase and sale transactions are on account. Assume that unit selling price is SOTL. By using FIFO and Weigthed Average Methods please calculate COGS for the month, ending inventory and gross profit for the month

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