Question: Please show step by step solution 4. (a) How freight charges are treated in accounting Balance Sheet? Periodic Inventory system? (b) You are provided with

Please show step by step solution

Please show step by step solution 4. (a) How freight charges are

4. (a) How freight charges are treated in accounting Balance Sheet? Periodic Inventory system? (b) You are provided with the foll March 01 Beginning Inventory 2,000 formation for Gobler Inc : 03 Burchases 2,500 litres@m. 03 Purchases 2,500 litres (a) Tk. 65 per litre 05 Sales 2,300 litres (a) Tk. 105 per litre 10 Purchases 4,000 litres@ a Tk.72 per litre 20 Purchases 2,500 litres (a) Tk. 80 per litre 30 Sales 5200 litres@ Tk. 125 per litre Instructions : Calculate the value of ending inventory, cost of goods sold and ProfitLoss under: (i) FIFO (ii) LIFO (iii) Average Cost Method

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