An entity uses the periodic inventory system. Beginning inventory listed 20,000 units at P6.10 each. Below are the following transactions during the current month in chronological order:  Purchased 100,000 units atP5.50 each  Sold 80,000 units at P12 each  Purchased 60,000 units at P5 each  Sold 70,000 units at P11 each  What is the cost of ending inventory using FIFO?  What is the cost of ending inventory using weighted average?

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A: Cost of goods available = (100 x P50) + (300 x P54) + (90 x P60) = P26,600

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Q: The GMA corporation shows the folowing data related to an item of Inventory Inventory, January 1 100…

A: Total cost of goods available = (100 x P50) + (300 x P54) + (90 x P60) = P26,600

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Q: (a) Sales Revenue $fill in the blank 1 (b) Cost of Goods Sold fill in the blank 2 (c) Gross Margin

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A: The question is based on the concept of Cost Accounting.

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Q: Compute the Cost of Goods Sold and ending inventory (units and value) after Sale 1. Cost of Goods…

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Q: Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company,…

A:

Q: The following data represent the beginning inventory and, in order of occurrence, the purchases and…

A: we know that, opening inventory + Purchases - sales = ending inventory    Cost per unit as per…

Q: ABC Ltd. Uses the periodic inventory system and provided the following data: Cost Per Unit Date 1/2…

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Q: Net realizable val = purchases entory - Decembe

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Q: give me answer

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