Unit Selling Price Units Unit Cost nuary 1 arch 7 ly 15 250 P10.50 11.00 200 275 11.75 (120) (55) [250) 300 P14.00 15.00 16.00 aber 17 ecember 31 he cost of ending insentory, cost of goods Rold and gross - each of the foilowing inuentory cost flow methods. etable given belou. Where necessary, round off unit est centano and total cost lo nearest pesol Cost of Ending Inventory Cost of Goods Sold Gross Proft
Unit Selling Price Units Unit Cost nuary 1 arch 7 ly 15 250 P10.50 11.00 200 275 11.75 (120) (55) [250) 300 P14.00 15.00 16.00 aber 17 ecember 31 he cost of ending insentory, cost of goods Rold and gross - each of the foilowing inuentory cost flow methods. etable given belou. Where necessary, round off unit est centano and total cost lo nearest pesol Cost of Ending Inventory Cost of Goods Sold Gross Proft
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Chapter 1-Inventories
Inancial
lued a
ating
Mega Company had the following inventory transactions during
2019
Unit
Selling Price
Units
250
200
275
(120)
(55)
(250)
300
Unit Cost
P10.50
11.00
Inventory, January 1
Purchase, March 7
Purchase, July 15
Sale, May 20
Sale, June 30
Sale, September 17
Inventory, December 31
अधि a
P562,500
11.75
P14.00
15.00
16.00
endor om
eived and
shipped on
REQUIRED:
31, 2019
ry 2, 2020
-The goods
Determine the cost of ending Insontory, cost of goods sold and gross
profit under cach of the following inientory cost flru methods.
Complete the table given beiow.
cost to nearest rentare and total cost fo neerest pese
(Where necessary, round off unit
पा oापा
ecember 31
in the year
ere deliverr
Cost of End ng
Inventory
Cost of
Goods Sold
Gross Proft
FIFO
Weighted Average
received an
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