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Jolly Company wants to compute for the inventory valuation of its raw materials. Below are the data for the month of June: June 1 Balance
Jolly Company wants to compute for the inventory valuation of its raw materials. Below are the data for the month of June:
June 1 Balance 800 @ P4.00
June 3 Issued 50
June 5 Purchased 300 @ P4.50
June 6 Issued 250
June 15 Issued 400
June 18 Purchased 300 @ P5.00
June 25 Issued 250
- Using FIFO method compute for the cost of Ending Inventory Value
- Using FIFO method compute for the cost of Materials Issued
- Using weighted average method compute for the cost of Ending Inventory (round off the WAUC to 4 decimal places)
- Using weighted average method compute for the cost of Materials Issued (round off the WAUC to 4 decimal places)
- Using moving average method, compute for the cost of ending inventory (round off WAUC to 4 decimal places)
- Using moving average method, compute for the cost of Materials issued (round off WAUC to 4 decimal places)
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