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Zeta Corporation uses the perpetual inventory method and uses the weight average to compute for inventory costs. Based on the table shown, how much should
Zeta Corporation uses the perpetual inventory method and uses the weight average to compute for inventory costs. Based on the table shown, how much should be reported as the ending inventory? Note: Solutions must be in good accounting form
Item Code A002 Date Details Unit Unit Cost Total Cost Apr. 1 Beginning balance 5,000 P 300 P1,500,000 10 Purchase 20,000 290 5,800,000 11 | Sale 15,000 20 Purchase 10,000 310 3,100,000 Item Code B0012 Apr. 1 Beginning balance 10,000 P 80 P 800,000 8 Sales 8,000 11 Purchase 10,000 82 820,000 20 Purchase returns 500 82 (41,000) 30 Sales 9,100 NNStep by Step Solution
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