Question: Question 03 (20 points) Dhaka Electronics has the following inventory data: Dhaka Electronics Date Explanation 1/1/2020 Beginning Inventory 4/15/2020 Purchases 8/24/2020 Purchases 9/10/2020 Sale 11/27/2020

Question 03 (20 points) Dhaka Electronics has the following inventory data:

Question 03 (20 points) Dhaka Electronics has the following inventory data: Dhaka Electronics Date Explanation 1/1/2020 Beginning Inventory 4/15/2020 Purchases 8/24/2020 Purchases 9/10/2020 Sale 11/27/2020 Purchases 11/30/2020 Sale Units 180 200 330 550 400 250 Unit Cost Total Cost 10.5 11 12 1890 2200 3960 Balance in Units 180 380 710 160 560 310 13 5200 13250 Instructions a. Under a perpetual inventory system, determine the cost of inventory on hand at December 31 and the cost of goods sold for March under a. FIFO, and b. 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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