Edward Company provided the following inventory data for the month of April 2021: Unit Unit Cost Apг. 01 Balance 10 Purchase 600 P520 1,600 550 28 Purchase 450 580 The company applied periodic system...


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Edward Company provided the following inventory data for the month of April 2021:<br>Unit<br>Unit Cost<br>Apг. 01 Balance<br>10 Purchase<br>600<br>P520<br>1,600<br>550<br>28 Purchase<br>450<br>580<br>The company applied periodic system and based on the additional information given, the<br>ending inventory for the month was 850 units.<br>8. Compute for the cost of ending inventory under FIFO method.<br>a. P481,000<br>b. P480,250<br>c. P467,500<br>d. P493,000<br>9. Compute for the cost of ending inventory under weighted average method.<br>c. P466,056.60<br>d. P460,010.23<br>a. P476,155.42<br>b. P472,822.02<br>10. Compute for the cost of goods sold under weighted average method.<br>a. P984,019.20<br>b. P986,943.40<br>c. P980,910.30<br>d. P978,942.10<br>

Extracted text: Edward Company provided the following inventory data for the month of April 2021: Unit Unit Cost Apг. 01 Balance 10 Purchase 600 P520 1,600 550 28 Purchase 450 580 The company applied periodic system and based on the additional information given, the ending inventory for the month was 850 units. 8. Compute for the cost of ending inventory under FIFO method. a. P481,000 b. P480,250 c. P467,500 d. P493,000 9. Compute for the cost of ending inventory under weighted average method. c. P466,056.60 d. P460,010.23 a. P476,155.42 b. P472,822.02 10. Compute for the cost of goods sold under weighted average method. a. P984,019.20 b. P986,943.40 c. P980,910.30 d. P978,942.10

Jun 09, 2022
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