The inventory records of Machiatto Company in January 2020 show the following informations Balance on January 1, 2020 Units Unit cost Purchases 3,000 P15.00 01.06.2020 01.23.2020 10,200 17.00 Sales 2,600 18.50 01.07.2020 2,800 01.31.2020 7.500 Compute the ending and cost of goods sold under the foltowing cost formulas Ending Inventory Cost of Geeds Seld a FIFO b Weighted average - Periodic (Round to fwo decimals the unit cost) Weighted average - Perpetual (always round to two decimais the unit cost).
The inventory records of Machiatto Company in January 2020 show the following informations Balance on January 1, 2020 Units Unit cost Purchases 3,000 P15.00 01.06.2020 01.23.2020 10,200 17.00 Sales 2,600 18.50 01.07.2020 2,800 01.31.2020 7.500 Compute the ending and cost of goods sold under the foltowing cost formulas Ending Inventory Cost of Geeds Seld a FIFO b Weighted average - Periodic (Round to fwo decimals the unit cost) Weighted average - Perpetual (always round to two decimais the unit cost).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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