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show your solution in good accounting form Choose the best answer. Show your solutions in good accounting form. Three points each. For answers in this
show your solution in good accounting form
Choose the best answer. Show your solutions in good accounting form. Three points each. For answers in this google form, omit commas and peso signs. ANC reported the following data: Beginning inventory, 500 units at P2.40 each. Purchased on January 7, 2020: 1,000 units at P3.00 each. Sold 1,200 units. Using FIFO, what is the amount of inventory on January 31? * Your answer ANC reported the following data: Beginning inventory, 500 units at P2.40 each. Purchased on January 7, 2020: 1,000 units at P3.00 each. Sold 1,200 units. Using weighted average method, what is the amount of cost of goods sold? * Your answer ANC Company had the following transactions: Beginning inventory, 200 at P5 per unit; purchased on January 15, 2020, 100 at P5.30; purchased on January 28, 2020, 100 at P5.50. On January 20, 2020, 250 units were sold. Using moving average method, what is the cost of goods sold? * Your answer ANC Company had the following transactions: Beginning inventory, 200 at P5 per unit; purchased on January 15, 2020, 100 at P5.30; purchased on January 28, 2020, 100 at P5.50. On January 20, 2020, 250 units were sold. Using moving average method, what is the average cost per unit? Show answer until two decimal place. * YourStep by Step Solution
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