ABC Traders had the following data for Product Pink on June 20X1: Beginning balance 100 boxes at P50 Purchases: June 4 90 boxes @ P55 June 14 110 boxes @ P60 Sales June 7 120 boxes June 20 80 boxes June 27 50 boxes How much is the ending inventory under FIFO perpetual? 3,000 2,758 2,750 2,700

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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25.ABC Traders had the following data for Product Pink on June 20X1:
Beginning balance    100  boxes at P50
Purchases:
June 4   90 boxes @ P55
June 14 110 boxes @ P60
Sales
June 7        120 boxes
June 20        80 boxes
June 27       50 boxes

How much is the ending inventory under FIFO perpetual?
 
 
3,000
2,758
2,750
2,700
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