Question
Woodworks Company deals in furniture and uses periodic inventory system. The following transaction occurred during the month of March, 2014. a. b. C. d.
Woodworks Company deals in furniture and uses periodic inventory system. The following transaction occurred during the month of March, 2014. a. b. C. d. No. of Chairs Unit Cost Total 100 P4,000 50 2,100 75 3,375 Augil to 225 9,475 rate Date Description 1-Mar-14 Opening Inventory 15-Mar-14 20-Mar-14 New Purchases New Purchases Total FIFO LIFO Moving average cost Weighted average cost P40 42 45 The Company sold 200 chairs in March 2014. Required: Compute ending inventory and cost of goods sold under each of the following methods. Eading. 10. 0 O 25 = 1,125 beg lau + Purchasej! COGS quallabele for cale he Wind ns to a
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Financial Accounting
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