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QUESTION 4 (20 POINTS) The inventory records of Duru Company reflected the following information for the month of September; Date 1 3 Transaction Beginning
QUESTION 4 (20 POINTS) The inventory records of Duru Company reflected the following information for the month of September; Date 1 3 Transaction Beginning Inventory Purchase Number of Units 200 300 Unit Cost TL10 5 11 30 Sale Purchase Sale 250 500 400 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 Date 01.09 03.09 05.09 11.09 30.09 COGS Inventory on Hand COMPREHENSIVE PROBLEM: Using the information below prepare a statement of cash flows for Bodrum Company for the year 2010 in GOOD format (30 POINTS) Bodrum Company Information from Comparative Balance Sheets as of December 31 2010 Accounts with Debit Balances Buildings Cash TL 285,000 32,500 2009 TL change 190,000 44,500 95,000 (12,000) ||
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