Problem 4 Liberty Company is a wholesaler of scented candles. The activity from Item no. 03 during June is presented below: 1. Under FIFO method, how much is the total cost of goods sold in June?

2. Under FIFO method, how much is the ending inventory of Item No. 3 in June

3. Under moving average method, how much is the total cost of goods sold in June?

4. Under moving average method, how much is the ending inventory of Item No. 3 in June?

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ROUND OFF TO WHOLE NUMBER

Problem 4 Liberty Company is a wholesaler of scented candles. The activity from Item no. 03 during June is presented below: Cost P 20.00 P 24.00 Date Transaction June 1 Inventory balance June 4 Purchases June 12 Sales June 19 Purchases June 22 Sales June 29 Purchases Units 6,000 9,000 10,800 14,400 11,400 4,800 P26.00 P27.00