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

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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