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1. Start-Up Company started its commercial operations on February 2019. Start-Up is engaged in the food. Start-Up's purchases for the year 2019 are as follows:
1. Start-Up Company started its commercial operations on February 2019. Start-Up is engaged in the food. Start-Up's purchases for the year 2019 are as follows: Month March June August September December Price per Unit 52 67 51 60 65 Quantity 1,000 units 6,500 units 5,450 units 912 units 330 units Start-Up Company sold 12,000 units in 2019 and uses the FIFO inventory costing method. Comp cost of goods sold as at December 31, 2019. a. Php 716,500 b. Php 709,756 c. Php 715,600 d. Php 711,629
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