Question 32Choose the correct answer from the choices. What was the unit average cost of the January 1 inventory? *The following are the sales and purchases of Jungkook Company:UnitsUnit PriceJanuary SalesJanuary purchases:January 410300,000P1538,00042,50050,20049,0008.208.5016248.108.40At the end of the month, 60,000 units were on hand. Jungkook's gross profit on sale for Januarywas P1.200.800. The company uses a neriodic FIFO invantorv costina svetam.12.8118.9011.9817.61

Inventory valuation is the most commonly used technique to identify the value of the ending…

What was the unit average cost of the January 1 inventory? * The following are the sales and purchases of Jungkook Company: Unit Price P15 Units January Sales January purchases: January 4 10 300,000 38,000 42,500 50,200 49,000 8.20 8.50 8.10 8.40 16 24 At the end of the month, 60,000 units were on hand. Jungkook's gross profit on sale for January wne P1.200 800. The company uses a neriodic FIFO inventorv costina svetam. O 12.81 O 18.90 O 11.98 O 17.61

What was the unit average cost of the January 1 inventory? * The following are the sales and purchases of Jungkook Company: Unit Price P15 Units January Sales January purchases: January 4 10 300,000 38,000 42,500 50,200 49,000 8.20 8.50 8.10 8.40 16 24 At the end of the month, 60,000 units were on hand. Jungkook's gross profit on sale for January wne P1.200 800. The company uses a neriodic FIFO inventorv costina svetam. O 12.81 O 18.90 O 11.98 O 17.61

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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hrl.3 answer must be in proper format or i will give down vote
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