Question
Prepare the TABLE OF COST OF SALES for Enterprise X using the data below. First item and material at the beginning of the period stocks
Prepare the TABLE OF COST OF SALES for Enterprise X using the data below. First item and material at the beginning of the period stocks 450.-TL First item purchases during the period 800.-TL First item and material at the end of the period stocks 250.-TL Direct Labor Expenses 1,200.-TL General Production Expenses 850.-TL Semi-Finished Stocks at the Beginning of the Period 700.-TL Semi-Finished Stocks at the End of the Period 350.-TL End of Period Product Stocks 500.-TL End of Period Product Stocks 200.-TL Commercial Goods Stock at the beginning of the period 900.-TL Commercial Goods Purchases within the Period 1,400.-TL Period End Merchandise Stock 600.-TL Cost of Service Sold 950.-TL
-Gross Sales of the Company is 15,000 TL, Sales Returns are 500 TL, Sales Discounts are 1,000 TL, Operating Expenses are 4,000 TL and Financial Expenses are 3,000 TL. Prepare the Income Statement based on this data.
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