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Question 4 Below are the merchandise transactions of Yellow Company for the month of January 2019. January 1, 2019 January 5, 2019 January 10,
Question 4 Below are the merchandise transactions of Yellow Company for the month of January 2019. January 1, 2019 January 5, 2019 January 10, 2019 January 15, 2019 January 20, 2019 Beginning Inventory, 2.600 units purchased at 6TL per unit. Purchased 2.600 units at 8TL per unit. Purchased 5.200 units at 9TL per unit. Sold 8.320 units for 11TL (sale price) per unit. Purchased 2.080 units at 10TL per unit. January 25, 2019 Sold 2.600 units for 13TL per unit. Required: Under First In First Out - FIFO a. Gross Margin, b. Cost of Goods Sold, c. Cost of Ending Inventory. Please copy paste the table (inventory card) given below and solve the question using the table. INVENTORY CARD FLEO PURCHASED SOLD ON HAND
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