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eiew 4: Orange Company's information for the month of January 2018 is given below. anuary 1, 2018 Beginning Inventory, 10.000 units purchased at TL10 per
eiew 4: Orange Company's information for the month of January 2018 is given below. anuary 1, 2018 Beginning Inventory, 10.000 units purchased at TL10 per unit. Beginning Cash TI 200.000 Purchased with cash 10,000 units merchandise at TL12 per unit January 5, 2018 Sold with cash 15.000 units merchandise at TL 12 per unit. January 10, 2018 Purchased on account 5,000 units merchandise at TL15 per unit. January 15, 2018 Purchased with cash 10.000 units merchandise at TL17 per unit January 20, 2018 January 25, 2018 Sold on account 16.000 units merchandise at TL 20 per unit Required: Under FIFO Cost-flow method, a) Journalize the transactions and prepare the T-accounts. b) Calculate Gross Profit e) Calculate Gross Margin LGRoss PEOFIT FATio) d) Calculate Cost of Ending Inventory DATE PURCHASED COGS BALANCE (ON HAND) Unit Cost Total Unit CostTotal Unt Cost Tota
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