Question: ipjjipj please with step for each thing you do i could not understand it MERCHANDISE TRANSACTIONS (Cost flow methods: FIFO - FIRST-IN FIRST-OUT) Beginning Merchandise

ipjjipj ipjjipjplease with step for each thing you do i could not understand please with step for each thing you do i could not understand it

MERCHANDISE TRANSACTIONS (Cost flow methods: FIFO - FIRST-IN FIRST-OUT) Beginning Merchandise Inventory 5.000 units purchased at TL 8 per unit, and beginning Cash TL 170.000 5July: Purchased with cash 10.000 units merchandise at TL 10 per unit. 10 July: Sold for cash 7.000 units merchandise at TL 12 per unit. 15 July: Sold on account 2.000 units merchandise for TL 15 per unit. 20 July: Purchased on account 3.000 units merchandise at TL 14 per unit. 25 July: Sold on account 8.000 units merchandise at TL 20 per unit. Required: Prepare the calculation table for merchandise according to FIFO cost-flow method. 7

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