The following data on materials purchased and issued during the month of June were shown: the cost of materials issued to production (under FIFO method) should be: 2 points June 2 Beginning Balance 800 units at P 7 6 Purchases 200 units at P 8 12 Purchases 200 units at P 9 14 Issuance 600 units 16 Purchases 400 units at P 9.5 24 Issuance 300 units 28 Returned to Store Room 100 units 30 Purchases 600 units at P 10 Using the average-cost method, the amount allocated to the ending inventory on June 30 is * A company just starting business made the following four inventory purchases in June: June 1 150 units P 390 Je 10 200 units 585 June 15 200 units 630 2 points June 28 150 units 495 A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the LIFO inventory method, the value of the ending inventory 2 points on June 30 is * A company just starting business made the following four inventory purchases in June: June 1 150 units P 390 June 10 200 units 585 June 15 200 units 630 June 28 150 units 495 A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. The conversion cost is * The following data relates to Demo Company's manufacturing operations: Inventories June 1 Direct Materials P 90,000 Work in Process 56,000 Finished goods Related data for the month of June. 2020 Direct Materials Purchased Direct labor Direct labor rate per hour Factory overhead rate per direct labor hour June 30 P 110,000 24,000 P 168.000 120.000 15 20 2 points Using the FIFO inventory method, the amount allocated to cost of goods sold for June is * A company just starting business made the following four inventory purchases in June: June 1 150 units P 390 June 10 200 units 585 2 points June 15 200 units 630 June 28 150 units 495 A physical count of merchandise inventory on June 30 reveals that there are, 200 units on hand.