18. On January 2020, Roel Corp. Has th following inventory purchases. January Units Amount P7,500 5,850 6,300 4,950 3 5,750 5,100 7,600 6,600 8 16 26 A physical count of inventory on January 30 reveals that there are 1,000 units on hand. Under the FIFO inventory method, what is the value of inventory allocated, charged to cost of goods sold on January??
18. On January 2020, Roel Corp. Has th following inventory purchases. January Units Amount P7,500 5,850 6,300 4,950 3 5,750 5,100 7,600 6,600 8 16 26 A physical count of inventory on January 30 reveals that there are 1,000 units on hand. Under the FIFO inventory method, what is the value of inventory allocated, charged to cost of goods sold on January??
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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