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Mika Corporation uses FIFO method to calculate the value of Inventory on hand on March 31 and cost of goods sold during March. Mar 1Beginning

Mika Corporation uses FIFO method to calculate the value of Inventory on hand on March 31 and cost of goods sold during March.

Mar 1Beginning Inventory68 units @ P15.00 per unit

5Purchase140 units @ P15.50 per unit

9Sale94 units @ P19.00 per unit

11Purchase40 units @ P16.00 per unit

16Purchase78 units @ P16.50 per unit

20Sale116 units @ P19.50 per unit

29Sale62 units @ P21.00 per unit

Under perpetual inventory method, how much will be the cost of ending inventory?

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