Euphorbia Company produces and sells a single item of product. Inventory at thebeginning of September was 400 units valued at P1.80 per unit. Further receipts andsales during the month were as followsCost per unitP 2.10UnitsSeptember 8 Receipts20 Receipts25 Sales600500-?1,2504.00The inventory uses the FIFO method of stock valuation. Gross margin for Septemberwas P2,500.12. What was the cost per unit of the 500 units received on September 20?P 1.04P 1.94P 2.00P 2.08a6.C. The following information pertains to Material X used by Nikki CompanyAnnual usage in unitsWorking days per yearSafety stock in unitsNormal lead time in working days20,0002508003013. If units of Material X will be required evenly throughout the year, the reorderpoint isa.8001,6002,400d. 3,200b.с.

Name: Euphorbia Company produces and sells a single item of product. Invent
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Description: Euphorbia Company produces and sells a single item of product. Inventory at thebeginning of September was 400 units valued at P1.80 per unit. Further receipts andsales during the month were as followsCost per unitP 2.10UnitsSeptember 8 Receipts20 Re

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Euphorbia Company produces and sells a single item of product. Inventory at the beginning of September was 400 units valued at P1.80 per unit. Further receipts and sales during the month were as foliows Units 600 Cost per unit P 2.10 September 8 Receipts 20 Receipts 25 Sales 500 -? 1,250 4.00 The inventory uses the FIFO method of stock valuation. Gross margin for September nas P2,500. 12. What was the cost per unit of the 500 units received on September 20? P 1.04 P 1.94 P 2.00 P 2.08 a 6. C.

Euphorbia Company produces and sells a single item of product. Inventory at the beginning of September was 400 units valued at P1.80 per unit. Further receipts and sales during the month were as foliows Units 600 Cost per unit P 2.10 September 8 Receipts 20 Receipts 25 Sales 500 -? 1,250 4.00 The inventory uses the FIFO method of stock valuation. Gross margin for September nas P2,500. 12. What was the cost per unit of the 500 units received on September 20? P 1.04 P 1.94 P 2.00 P 2.08 a 6. C.

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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