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The following data were taken from the accounting records of Cooka Lamps, Inc Balance at January 1, 20205,000 lamps @ P30 Purchases:January 8,20201,200 lamps @
The following data were taken from the accounting records of Cooka Lamps, Inc
Balance at January 1, 20205,000 lamps @ P30
Purchases:January 8,20201,200 lamps @ P32P137,760
January 20, 2020800 lamps @ P34
Sales:January 6, 20201,600 lamps
January 14, 20211,020 lamps
On January 31, 2020, it was determine by physical count that 4,200 lamps were on
hand
IfCooka Lamps uses a periodic inventory system, the cost of the inventory using the weighted average cost flow assumption at January 31, 2020 is
Select one or more:
P137,760
P129,360
P134,400
P130,968
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