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QUESTION 4 (20 POINTS) The inventory records of Duru Company reflected the following information for the month of September; Unit Cost TL10 Date 1 3
QUESTION 4 (20 POINTS) The inventory records of Duru Company reflected the following information for the month of September; Unit Cost TL10 Date 1 3 5 11 30 Transaction Beginning Inventory Purchase Sale Purchase Sale Number of Units 200 300 250 500 400 8 14 Assuming that unit selling price is 20 TL please determine the amount of ending merchandise inventory at the end of September and cost of goods sold and gross profit for the month September under FIFO method. (You do not have to make the journal entries). Purchase COGS Date Inventory on Hand 01.09 03.09 05.09 11.09 30.09
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