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: The Impact on Decision Makers
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Chapter5: Inventories And Cost Of Goods Sold
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Problem 5.11E: Inventory Costing Methods VanderMeer Inc. reported the following information for the month of...
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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?

 
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