June 1 Beg. Balance: 750 units @P20 3 Purchased 400 units @P19.50 4 Issued 600 units 10 Purchased 350 units @P21.50 15 Issued 500 units Purchased 500 units @P22 Issued 400 units 26 Purchased 500 units @P21 27 Issued 650 units 31 Purchased 200 units @P20

June 1 Beg. Balance: 750 units @P20 3 Purchased 400 units @P19.50 4 Issued 600 units 10 Purchased 350 units @P21.50 15 Issued 500 units Purchased 500 units @P22 Issued 400 units 26 Purchased 500 units @P21 27 Issued 650 units 31 Purchased 200 units @P20

Name: 8.Using FIFO- perpetual method, the cost of Raw materials inventory at
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Description: 8.Using FIFO- perpetual method, the cost of Raw materials inventory at the end of June amounts to* June 1 Beg. Balance: 750 units @P203 Purchased 400 units @P19.504 Issued 600 units10 Purchased 350 units @P21.5015 Issued 500 unitsPurchased 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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