The following are the balance, receipts and issues of stocks for Tamapo's inventory for the month of January 2019. 1 January 2019 opening balance of 2,000.00 units at P2.02 per unit 15 January 2019 receipts of 10,000.00 units at P2.20 per unit 25 January 2019 issues of 8,000.00 units Required: Calculate the closing stock using the AVCO method of inventory valuation.
The following are the balance, receipts and issues of stocks for Tamapo's inventory for the month of January 2019. 1 January 2019 opening balance of 2,000.00 units at P2.02 per unit 15 January 2019 receipts of 10,000.00 units at P2.20 per unit 25 January 2019 issues of 8,000.00 units Required: Calculate the closing stock using the AVCO method of inventory valuation.
Chapter1: Financial Statements And Business Decisions
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