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Question: 2 GDE Company has the following inventory, purchases, and sales data for the month of March. Inventory: March 1 200 units @ Tk.4.00 Tk.800

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Question: 2 GDE Company has the following inventory, purchases, and sales data for the month of March. Inventory: March 1 200 units @ Tk.4.00 Tk.800 Purchases: March 10 500 units @ Tk.4.50 2,250 March 20 400 units @ Tk.4.75 1,900 March 30 300 units @ Tk.5.00 1,500 Sales: March 15 500 units March 25 400 units The physical inventory count on March 31 shows 500 units on hand. Instructions: Under a periodic inventory system, determine the cost of inventory on hand at March 31 and the cost of goods sold for March under (a) FIFO, (b) LIFO, and (c) Average-cost

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