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4. Karen Company sells jackets for Php 30/each. The following data were taken from its record for the month of July: Date Transaction Units Cost
4. Karen Company sells jackets for Php 30/each. The following data were taken from its record for the month of July:
Date Transaction Units Cost
July 3 Purchase 500 Php 15
July 10 Sale 300
July 17 Purchase 1,000 Php 17
July 20 Sale 600
July 23 Sale 300
July 30 Purchase 1,000 Php 20
Required: Determine the cost of sale an cost of ending inventory under the following methods:
a. FIFO (periodic)
b. FIFO (perpetual)
c. Weighted Average
d. Moving Average Method
PLEASE EXPLAIN WITH SOLUTION AND JOURNAL ENTRY
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