The Luna Corporation made the following materials purchased and issued during the month of January. Inventory: Receipts: Issuances: January 1 January 10 January 25 January 15 January 27 1,000 units 8,000 8,500 8,500 8,000 1. Periodic system a. FIFO method b. Weighted average method @ @ Required: The cost of materials used and the cost assigned to the inventory at the end of the month using 2. Perpetual system a. FIFO method b. Moving average method P 11.00 12.00 11.50
The Luna Corporation made the following materials purchased and issued during the month of January. Inventory: Receipts: Issuances: January 1 January 10 January 25 January 15 January 27 1,000 units 8,000 8,500 8,500 8,000 1. Periodic system a. FIFO method b. Weighted average method @ @ Required: The cost of materials used and the cost assigned to the inventory at the end of the month using 2. Perpetual system a. FIFO method b. Moving average method P 11.00 12.00 11.50
Chapter1: Financial Statements And Business Decisions
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
Transcribed Image Text:The Luna Corporation made the following materials purchased and issued
during the month of January.
Inventory:
Receipts:
Issuances:
January 1
January 10
January 25
January 15
January 27
1,000 units
8,000
8,500
8,500
8,000
1. Periodic system
a. FIFO method
b. Weighted average method
@
@
Required: The cost of materials used and the cost assigned to the inventory at the
end of the month using
2. Perpetual system
a. FIFO method
b. Moving average method
P 11.00
12.00
11.50
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