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The following data relate to the first three years of operations for Lemon Company: 2018 Profit-FIFO - P300,000 Profit-WA - P120,000 EI-FIFO - P550,000 2019
The following data relate to the first three years of operations for Lemon Company:
2018 Profit-FIFO - P300,000 Profit-WA - P120,000 EI-FIFO - P550,000
2019 Profit-FIFO - P450,000 Profit-WA - P160,000 EI-FIFO - P320,000
2020 Profit-FIFO - P120,000 Profit-WA - P670,000 EI-FIFO - P710,000
How much is the ending inventory in 2020 using the weighted average (WA) method?
a. P1,060,000
b. P710,000
c. P360,000
d. P350,000
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