Allly Corp. is a wholesaler of school supplies. The activity for a product during the month of April is shown below:

a. If Ally Corp. uses a FIFO perpetual inventory system, the ending inventory of the product at April 30 is reported as?

b. If Ally Corp. uses a Weighted Average periodic inventory system, the ending inventory of the product at April 30 is reported as?

Date April 1 6 14 19 23 28 Balance/Transaction Units Cost Inventory 1,500 P25.00 Purchase 5,500 P28.50 Sales 4,000 Purchase 3,200 P30.00 Sales 4,000 Purchase 1,800 P31.50