Zurich Company provldodl: ho following Informalion:porlaining: to:the movement of te Total P3,600 7,000 raw matorlals Invantory for tho month of Soptomber 2015: Quantily 300 500 400.", 500. 400 100 100. .. '""i Unit Cost P12 Boglnning balanco 3. Rocolved fromisupplior. 9 : issued-lo prodúclon; 16 Recalved from suppler 18 Issuodilo:prodüctlön. 21 Recelvod from:suppller 26 Issued to productlon Sept. 6,500 16. 1,600 There' were'no inventorles of Indirect materials. Required: Case:1-Calculate the costiof:materials usediand ending inventory ünder each of the

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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PS-10: Zurich:Company provldod Iho following.ilnformation porlainlng to he movement of jie
Total
P3,600
:7,000
raw matorlals lnvontory for: lho'month of Soptomber 2015:
Quantly
300
500
400
500
400
100
100
Unit Cost
P12
Boglnning balanco.
3 Rocolvod fromisuppllor.
9 :" İssued lo, prodúctlon;
16
Sept.
6,500
"Rocelvod from suppller
18. Issuodito prodüctlon.
21 Recelvod from:suppller .
26 Issuad to productlon
1,600
There were'no inventorles of Indirect materlals:"
Řequired:
Case 1-Calculate the costiof materials usediand ending inventory:ünder:each:of the
following.
FIFO-perlodic
b FIFO-perpotual
LIFO- periodíc
LIFO – perpetual.:
Average-periodie
Average:- perpetuali
Case 2- Assuming after physical inspęction on: September 30th; Zurich determined
that there were only 480 units left on hand, calculatë the cost of rawmaterials and:
ending inventory under each of the following:
FIFO periodic.
FIFO.- perpetual.
LIFO=periodic.
d: LIFO.- perpetual
Average -periodic
Average = perpetual
CS Scanned with CamScanner
Transcribed Image Text:PS-10: Zurich:Company provldod Iho following.ilnformation porlainlng to he movement of jie Total P3,600 :7,000 raw matorlals lnvontory for: lho'month of Soptomber 2015: Quantly 300 500 400 500 400 100 100 Unit Cost P12 Boglnning balanco. 3 Rocolvod fromisuppllor. 9 :" İssued lo, prodúctlon; 16 Sept. 6,500 "Rocelvod from suppller 18. Issuodito prodüctlon. 21 Recelvod from:suppller . 26 Issuad to productlon 1,600 There were'no inventorles of Indirect materlals:" Řequired: Case 1-Calculate the costiof materials usediand ending inventory:ünder:each:of the following. FIFO-perlodic b FIFO-perpotual LIFO- periodíc LIFO – perpetual.: Average-periodie Average:- perpetuali Case 2- Assuming after physical inspęction on: September 30th; Zurich determined that there were only 480 units left on hand, calculatë the cost of rawmaterials and: ending inventory under each of the following: FIFO periodic. FIFO.- perpetual. LIFO=periodic. d: LIFO.- perpetual Average -periodic Average = perpetual CS Scanned with CamScanner
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