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Amor Company sells one product which it purchases from various suppliers. Other details at December 31,2022 included the following: The gross inventory purchases during 2022
Amor Company sells one product which it purchases from various suppliers. Other details at December 31,2022 included the following: The gross inventory purchases during 2022 were as follows: The company was able to sell 100 units @ P150 each. Cost is determined using the FIFO method. Amor has determined that at December 31 , 2022 the net realizable value was P72 per unit. The normal profit margin is P10 per unit. How much is the cost of ending inventory computed using the FIFO method
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