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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 P5,200.00 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 40 P12.00 Using the same information on number (35), using the FIFO method, how much is the cost of goods sold?
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