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Maria provided the following information relating to inventory for the month of December (see photo below). 1. Compute the December 31 inventory using weighted average
Maria provided the following information relating to inventory for the month of December (see photo below).
1. Compute the December 31 inventory using weighted average method.
a. P1,395,000
b. P1,380,000
c. P1,290,000
d. P1,350,000
2. Compute the December 31 cost of goods sold using weighted average method.
a. P4,200,000
b. P4,290,000
c P4,230,000
d. P4,185,000
Units Unit Seling Unit Cost Price Dec 52 50 90 1 Beginning 7 Purchase 12 Sale 17 Purchase 22 Purchase 28 Sale 10,000 30,000 20,000 60,000 20,000 70,000 45 43 90Step by Step Solution
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