Question: Dhaka electronics has the following inventory data: Date Explanation Units Unit Cost Total cost Balance in Units 1/1/2020 Begining 180 10.5 1890 180 Inventory 4/15/2020

Dhaka electronics has the following inventory data:

Date Explanation Units Unit Cost Total cost Balance in Units

1/1/2020 Begining 180 10.5 1890 180

Inventory

4/15/2020 Purchases 200 11 2200 380

8/24/2020 Purchases 330 12 3960 710

9/10/2020 Sales 550 160

11/27/2020 Purchases 400 13 5200 560

11/30/2020 Sales 250 310

13250

Instructions:

a.Under perpectual inventory system,determine the cost of inventory on hand at December 31 and the cost of goods sold for march under FIFO, Average-Cost.

b.Determine the amount of gross profit under each method if sales revenue is 12500

c.Explain the impact of using different methods on net operating income.

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