Beginning inventory, purchases, and sales data for portable MP3 players are as follows: Units Amount @ P20 @ P22 @ P30 @ P30 @ P19 @ P19 Dec. 1 Beginning inventory 5 Purchases 9 Sales P44,000 50,600 90,000 15,000 95,000 2,200 units 2,300 units 3,000 units 19 Sales return 500 units 22 Purchase 5,000 units 23 Purchase return 1,000 units 19,000 28 Sales 3,500 units @ P35 @ P35 122,500 17,500 29 Sales return 500 units

Beginning inventory, purchases, and sales data for portable MP3 players are as follows: Units Amount @ P20 @ P22 @ P30 @ P30 @ P19 @ P19 Dec. 1 Beginning inventory 5 Purchases 9 Sales P44,000 50,600 90,000 15,000 95,000 2,200 units 2,300 units 3,000 units 19 Sales return 500 units 22 Purchase 5,000 units 23 Purchase return 1,000 units 19,000 28 Sales 3,500 units @ P35 @ P35 122,500 17,500 29 Sales return 500 units

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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