4. You are provided with the following information for Koetteritz Inc. for the month ended June 30,
2020.
Date Particular Unit Price per unit
June 1 Beginning inventory 40 units Tk. 40
June 4 Purchase 135 units 43
June 10 Sale 110 units 70
June 11 Sales return 15 units 70
June 18 Purchase 55 units 46
June 19 Purchase return 10 units 46
June 25 Sale 65 units 76
June 28 Purchase 35 units 50
Koetteritz uses the Parpetual method for inventory.
Instructions
Calculate (i) ending inventory, (ii) cost of goods sold, (iii) gross profit under each of the following
methods.
(1) FIFO. (3) Weighted Average-cost.
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