The inventory records of Cattle Company show the following purchases during the first quarter operations: January 15,000 units-P187,500 February 20,000 units-P240,000 March 13,000 units-P167,700 The March 31 inventory using the weighted average method is P282,720. How much is the March 31 inventory using the periodic first-in, first-out method?

The inventory records of Cattle Company show the following purchases during the first quarter operations: January 15,000 units-P187,500 February 20,000 units-P240,000 March 13,000 units-P167,700 The March 31 inventory using the weighted average method is P282,720. How much is the March 31 inventory using the periodic first-in, first-out method?

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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