PROBLEM 11: The following information has been extracted from the records of CCC Company about one of its products: Number Unit of Units Date 1/1 1/6 2/5 Transaction Beginning balarce Purchased Sald...

Extracted text: PROBLEM 11: The following information has been extracted from the records of CCC Company about one of its products: Number Unit of Units Date 1/1 1/6 2/5 Transaction Beginning balarce Purchased Sald at P24.C0 par unit Cost F 14.00 1,600 600 14.10 2.000 3/19 Purchcsed 2,200 14.70 3/24 4/10 6/22 !131 Purchose returns 160 1,400 16,800 14./0 Sold at P24.20 per unit Purchosed 15.00 Sold at P26.50 per unit Sales returns at P25.50 per unit 3,600 40 8/4 9/4 Sold at P27 per unit 7,000 11/15 12/28 Purchased 1,000 6.200 16.00 Sald at P30 per unit 12. Compute for the closing inventory and cost of sales under the FIFO peiodic method ard the FIFO perpetual method. 13. Compute for the closing inventory and cost of saes under the weighted averaçe periodic method and the mɔving averoge method. 14. Compute for the closing inventory and cost of sales under the LIFO periodic method ard the LIFO perpetual method.