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Exercise 3 Net Company provided the following purchases and placed to production for the month of March : Units Unit Cost March 1 1,000 P270.00

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Exercise 3 Net Company provided the following purchases and placed to production for the month of March : Units Unit Cost March 1 1,000 P270.00 6 3,000 250.00 14 6,000 280.00 4,000 210.00 March 9 2,000 31 8,000 25 Required: Assuming the entity used perpetual system, compute ending inventory and cost of sales under: 1. FIFO 2. LIFO 3. Moving Average 70

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