Question: Using Periodic system and FIFO method, and Perpetual system and FIFO Method what is the amount of inventory as of December 31, respectively.? Choices For Periodic system/FIFO Method: a. P59,000 b. P57,000 c. P61,600 d. P60,210 Choices for Perpetual System/FIFO Method: a. P59,000 b. P57,000 c. P61,600 d. P60,210
Question: Using Periodic system and FIFO method, and Perpetual system and FIFO Method what is the amount of inventory as of December 31, respectively.? Choices For Periodic system/FIFO Method: a. P59,000 b. P57,000 c. P61,600 d. P60,210 Choices for Perpetual System/FIFO Method: a. P59,000 b. P57,000 c. P61,600 d. P60,210
Chapter1: Financial Statements And Business Decisions
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Question: Using Periodic system and FIFO method, and Perpetual system and FIFO Method what is the amount of inventory as of December 31, respectively.?
Choices For Periodic system/FIFO Method:
a. P59,000
b. P57,000
c. P61,600
d. P60,210
Choices for Perpetual System/FIFO Method:
a. P59,000
b. P57,000
c. P61,600
d. P60,210
![9. Beginning inventory, purchases, and sales data for portable MP3 players are as follows:
Units
Amount
2,200 units
2,300 units
3,000 units
P44,000
50,600
90,000
15,000
95,000
19,000
Dec. 1 Beginning inventory
@ P20
Purchases
@ P22
9.
Sales
@ P30
19
Sales return
500 units
@ Р30
22
Purchase
5,000 units
@ P19
1,000 units
3,500 units
23
Purchase return
@ P19
28 Sales
@ Р35
122,500
29
Sales return
500 units
@ P35
17,500](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7b1a8556-9f0d-4779-ad2c-06539f11ec64%2F37f2623d-c54e-4c72-9474-6b683ebd3c26%2Fitad05_processed.jpeg&w=3840&q=75)
Transcribed Image Text:9. Beginning inventory, purchases, and sales data for portable MP3 players are as follows:
Units
Amount
2,200 units
2,300 units
3,000 units
P44,000
50,600
90,000
15,000
95,000
19,000
Dec. 1 Beginning inventory
@ P20
Purchases
@ P22
9.
Sales
@ P30
19
Sales return
500 units
@ Р30
22
Purchase
5,000 units
@ P19
1,000 units
3,500 units
23
Purchase return
@ P19
28 Sales
@ Р35
122,500
29
Sales return
500 units
@ P35
17,500
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