The following data about Maxwell Company is given for the month of August.

August 1 Inventory 1,000 units at P10

12 Purchase 1,000 units at P12

14 Purchase 500 units at P11.50

16 Issue 800 units

18 Purchase 600 units at P15

20 Issue 500 units

25 Purchase 400 units at P14

28 Issue 200 units

Requirements:

Using FIFO method of costing materials, how much is the:

- cost of ending inventory for August?

- cost of materials issued or used for production?

Using Moving Average, compute for: (NOTE: Cost per unit=Round off to 4 decimal places, Total Peso Cost=Round off to 2 decimal places)

- Cost of Ending Inventory

- Cost of Issued Units