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IIL The beginning inventory, purchases and sales of a particular inventory item of Carlo Company during the year were as follows: Units Unit Price January

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IIL The beginning inventory, purchases and sales of a particular inventory item of Carlo Company during the year were as follows: Units Unit Price January Inventory 150 P12 June 14 Purchases 200 14 2 July 3 Sales 100 18 Sept. Purchase 300 15 October 22 Sale 200 16 Dec. 14 Purchases 350 192011 Shares Unit Cost Total Cost Jan. 1 Balance 2, 000 P 10 P20, 000 Feb. 1 Acquisition 3, 000 14 42, 000 Apr.4 Acquisition 4, 000 17 68, 000 July 9 Acquisition 5, 000 20 100, 000 Dec. 24 Acquisition 6, 000 25 150, 000 2011 Shares Unit Cost Total Cost Jan. 1 Balance 2, 000 P 10 P 20, 000 Feb. 1 Acquisition 3, 000 14 42, 000 Apr. 4 Acquisition 4, 000 17 68, 000 July. 9 Acquisition 5, 000 20 100, 000 Dec. 24 Acquisition 6, 000 25 150, 000 Determine the following: a. Number of units of inventory on hand at the end of the period; b. value of inventory ending and cost of sales using methods: 1 .) Weighted average 2.) First-In-First-out 3.) Last-In-Last-out

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