P3-6 Wogdivorks Gompany deals in furniture.and uses perlodlcinventöry syste transaction occurred.durinig the month of March, 2014, - No: of Chalrs Unit Cost Total 100 50 Date: Description Opening Inventory. New Purchäses 20-Mar-14 New Purchases 1-Mar-14 15-Mar-14 P4,000 P40 42 2,100 3,375. 75 45
P3-6 Wogdivorks Gompany deals in furniture.and uses perlodlcinventöry syste transaction occurred.durinig the month of March, 2014, - No: of Chalrs Unit Cost Total 100 50 Date: Description Opening Inventory. New Purchäses 20-Mar-14 New Purchases 1-Mar-14 15-Mar-14 P4,000 P40 42 2,100 3,375. 75 45
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Compute ending inventory and cost of goods solds under each of the following methods:
A. Weighted average cost
![PS-6 Wogdivorks Gompany deals in furniture and uses perlodlcinventory system ihệ TallowinD
o Wagdworks Gompany deals in furnture and use's perlodicinventory systen eTlowino
transaction occurred.durinig the month of March, 2014.
No: of
Date:
1-Mar-14
15-Mar-14
20-Mar-14 New Purchases
Descriplion
Opening Inventory.
New Purchases
Chalrs Unit Cost Total
P4,000
2,100
3,375
9,475
P40
42
45
100
50
75
Total
225
The Company sold 200 chairsin-March 2014.
Required: Compute ending inventory and cost of goods sold under each of the following.
methods.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F36c24973-5f50-4c24-af16-8ac46d2f7fa2%2F09d29c3d-8fc3-4fbe-b85f-ae9ef39610d6%2Fp3hruwe_processed.jpeg&w=3840&q=75)
Transcribed Image Text:PS-6 Wogdivorks Gompany deals in furniture and uses perlodlcinventory system ihệ TallowinD
o Wagdworks Gompany deals in furnture and use's perlodicinventory systen eTlowino
transaction occurred.durinig the month of March, 2014.
No: of
Date:
1-Mar-14
15-Mar-14
20-Mar-14 New Purchases
Descriplion
Opening Inventory.
New Purchases
Chalrs Unit Cost Total
P4,000
2,100
3,375
9,475
P40
42
45
100
50
75
Total
225
The Company sold 200 chairsin-March 2014.
Required: Compute ending inventory and cost of goods sold under each of the following.
methods.
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