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Find the cost of good sold using perpetual inventory system, FIFO method Related data of Ruffa Company. Beginning balance Raw Materials Inventory 96,000 Work in

Find the cost of good sold using perpetual inventory system, FIFO method

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Related data of Ruffa Company. Beginning balance Raw Materials Inventory 96,000 Work in process inventory 240,000 Finished goods inventory 280,000 (700 units) The entity completed 5,000 units with a total cost of P2.125,600 The entity sold 4.800 units at 50% based on cost. The entity uses the perpetual inveritory system and First-In. First-Out (FIFO) inventory cost system. How much is the cost of goods sold

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