8- Which of the following is the approximate amount of the Cost of Trade Goods Sold according to the moving price method ? a)36,549 TL B)33,480 TL NS)93,000 TL D)56,451 TL TO)43,480 TL explanationQuantityUnit priceDate5 TL7 TL1 April-6th of April12 April21st of AprilApril 271.000 kg4.000 kg2.400 kg5.000 kg4.000 kgBuyingBuyingSales12 TLBuyingSales

LIFO means last in first out where as FIFO means first in first out. Inventory and cost of goods…

Answered: Which of the following is the…

Which of the following is the approximate amount of the Cost of Trade Goods Sold according to the moving price method ? a) 36,549 TL B) 33,480 TL NS) 93,000 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

Which of the following is the approximate amount of the Cost of Trade Goods Sold according to the moving price method ?

36,549 TL

33,480 TL

NS)

93,000 TL

56,451 TL

TO)

43,480 TL

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

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