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A new company in its first year of operations purchases a single-type of products for sale in the following sequence, quantity and at cost as
A new company in its first
year of operations purchases
a single-type of products for
sale in the following
sequence, quantity and at
cost as shown: A 1st, 10 pcs,
P700 per unit, P7,000 total
costs;A 2nd, 15 pcs, P650 per
unit, P9,750 total costs;A 3rd,
20 pcs, P600 per unit,
P12,000 total costs;A 4th, 25
pcs, P550 per unit, P13,750
total costs;A 5th, 30 pcs,
P500 per unit, P15,000 total
costs. The company sells fifty
(50) of these items in total at
the end of the year. Q6: Using
the Weighted Average Cost,
how much would be the
ending inventory cost in the
balance sheet?
O a. 31,750
O b.31,500
O c. 30,000
10 d. 28,750
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