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Problem 2 Uki Company had the following transactions for inventory during 2020: Units Unit Cost Unit Selling Price Inventory, January 1 250 P10.50 Purchase,

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Problem 2 Uki Company had the following transactions for inventory during 2020: Units Unit Cost Unit Selling Price Inventory, January 1 250 P10.50 Purchase, March 20 200 11.00 Purchase, July 5 275 11.75 Sale, May 11 120 P14.00 Sale, June 15 55 15.00 Sale, October 14 250 16.00 Inventory, December 31 ? Requirements: Determine the cost of ending inventory, cost of goods sold, and gross profit under FIFO method. Determine the cost of ending inventory, cost of goods sold, and gross profit under Weighted average method. Determine the cost of ending inventory, cost of goods sold, and gross profit under Moving average method.

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