Bright Corporation is into merchandising business. During the month of January, its first month of operation, it records the following transactions:January1Purchase 100 pcs at P210 each

5Sold 75 pcs

10Purchase 150 pcs inventory at P280 each

25Sold 100 pcs

31Purchase 50 pcs at P300 each

Compute for the following:

1. Using FIFO Inventory Method, how much is the
2. Inventory cost at the end of the month.
3. Cost of goods sold.
4. Using LIFO Inventory Method, how much is the
5. Inventory cost at the end of the month.
6. Cost of goods sold.
7. Using Average Inventory Method, how much is the
8. Inventory cost at the end of the month.
9. Cost of goods sold.