Question
Transactions for the month of June were: Purchase Sales June 1 (balance) 1,200 @ 3.20 June 2 900 @ 5.50 June 3 3,300 @ 3.10
Transactions for the month of June were:
Purchase Sales
June 1 (balance) 1,200 @ 3.20
June 2 900 @ 5.50
June 3 3,300 @ 3.10
June 6 2,400 @ 5.50
June 7 1,800 @ 3.30
June 9 1,500 @ 5.50
June 10 600 @ 6.00
June 15 2,700 @ 3.40
June 18 2,100 @ 6.00
June 22 750 @ 3.50
June 25 450 @ 6.00
Assuming that perpetual inventory record are kept in pesos, the ending inventory on a FIFO basis is
- P5,700
- P5,760
- P6,300
- P6,195
- Answer not given
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Financial Accounting
Authors: Anne Britton, Chris Waterston
5th edition
273719300, 273719304, 978-0273719304
