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Exercise 8.A the following transactions of a merchandise company that applies the weighted average method for the cost flow of inventories. 2 July: Purchased merchandise
Exercise 8.A the following transactions of a merchandise company that applies the weighted average method for the cost flow of inventories. 2 July: Purchased merchandise on account 100 units for 20T/unit, under the condition 2/10,n/20 7 July: Paid for the merchandise. Sold merchandise for cash 20 units for 25TL/unit. 7 July: 8 July: Purchased 200 units in cash for 4.200 TL 10 July: Sold 150 units for 25TL/unit on account, under the condition n/30, to customer A. 20 July: Collected money from customer A. What is the value of the merchandise that the company has after these transactions? What is the gross profit and gross profit ratio? BALANCE SALE (COGS) PURCHASED DATE Qtity Umit cost TotlQuantityUnit cost Total QuastyUit co
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