What is the moving average cost of inventory on June 30
42.
Manila Electric Company is a wholesaler of scented candles. The activity for item number 1234 during June is presented below:
Date Transaction Units Cost
June 01 Inventory balance 16,000 P 140
04 Purchases 4,000 150
12 Sales 15,000
19 Purchases 20,000 160
20 Purchase return 1,000 160
22 Sales 8,000
24 Sales return 4,000
29 Purchases 30,000 150
What is the moving average cost of inventory on June 30?
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