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The following information was taken from the accounting records of Tampa Roofing Company for the year ended 2022: UNITS UNIT COST TOTAL COST Inventory,
The following information was taken from the accounting records of Tampa Roofing Company for the year ended 2022: UNITS UNIT COST TOTAL COST Inventory, January 1 150 P15.00 P2,250.00 Purchased April 1 235 P10.00 2,350.00 Purchased August 15 50 P12.00 600.00 Goods Available for Sale 435 $5,200.00 Goods Sold During the Year 200 Ending Inventory ? ? Using specific identification method, if the merchant sold the following: UNITS UNIT COST 60 60 P15.00 100 P10.00 40 P12.00 Using the same information on number (35), using the LIFO method, how much is the ending inventory?
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