Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following information was available from the inventory records of Apollo Company for January: Total Units Unit Cost Cost Balance at 3,000 P9.77 P29,310 January
The following information was available from the inventory records of Apollo Company for January: Total Units Unit Cost Cost Balance at 3,000 P9.77 P29,310 January 1 Purchases January 8 2,000 P10.30 P20,600 January 26 2,700 P10.71 P28,917 Sales January 9 (2,500) January 31 (4,000) Balance at January 31 1,200 Assuming that Apollo does not maintain perpetual inventory records, what should be the inventory at January 31, using the weighted-average inventory method, rounded to the nearest peso? O P12,606. O P12,284. O P12,432. P12,312
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started