24 - Which of the following is the approximate amount of Cost of Goods Sold according to the First In First Out (FIFO) method ? a)49,800 TL B)36,549 TL NS)33,480 TL D)56,451 TL TO)43,480 TL Unit priceDateexplanationQuantity5 TL1 April--6th of April12 April21st of AprilApril 27BuyingBuyingSales1.000 kg4.000 kg2.400 kg5.000 kg4.000 kg7 TL12 TLBuyingSales

Answered: 24 - Which of the following is the…

24 - Which of the following is the approximate amount of Cost of Goods Sold according to the First In First Out (FIFO) method ? a) 49,800 TL B) 36,549 TL NS) 33,480 TL D) 56,451 TL TO) 43,480 TL

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

24 -

Which of the following is the approximate amount of Cost of Goods Sold according to the First In First Out (FIFO) method ?

49,800 TL

36,549 TL

NS)

33,480 TL

56,451 TL

TO)

43,480 TL

Unit price
Date
explanation
Quantity
5 TL
1 April--
6th of April
12 April
21st of April
April 27
Buying
Buying
Sales
1.000 kg
4.000 kg
2.400 kg
5.000 kg
4.000 kg
7 TL
12 TL
Buying
Sales

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