What is COGS and cost of ending inventory in the company using average costing method where 4.000 items are purchased during the period, 300 items are left at the end of the year and inventory account balance is 80.000 TL? a. COGS: 6.000 TL; Cost of ending inventory: 74.000 b. COGS: 4.800 TL; Cost of ending inventory: 75.200 c. COGS: 74.000 TL; Cost of ending inventory: 6.000 O d. COGS: 75.200 TL; Cost of ending inventory: 4.800

What is COGS and cost of ending inventory in the company using average costing method where 4.000 items are purchased during the period, 300 items are left at the end of the year and inventory account balance is 80.000 TL? a. COGS: 6.000 TL; Cost of ending inventory: 74.000 b. COGS: 4.800 TL; Cost of ending inventory: 75.200 c. COGS: 74.000 TL; Cost of ending inventory: 6.000 O d. COGS: 75.200 TL; Cost of ending inventory: 4.800

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Description: What is COGS and cost of ending inventory in the company using average costing methodwhere 4.000 items are purchased during the period, 300 items are left at the end of the yearand inventory account balance is 80.000 TL?a. COGS: 6.000 TL; Cost of en

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter7: Inventories: Cost Measurement And Flow Assumptions

Section: Chapter Questions

Problem 14RE: On January 1 of Year 1, Dorso Company adopted the dollar-value LIFO method of inventory costing....

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