Problem 2 The following were the information provided by UNIKELO retail: Purchases and Beginning Inventory January 1, Inventory - 250 units @ P10.50 • March 7 - Purchases - 200 units @ P11.00 July 15...

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1. Assume instead, the Company uses the Moving Average method in the measurement of its inventories, how much would be the weighted average cost per unit of the sales made at May 20? (Round off the final answers to two decimal places)

Extracted text: Problem 2 The following were the information provided by UNIKELO retail: Purchases and Beginning Inventory January 1, Inventory - 250 units @ P10.50 • March 7 - Purchases - 200 units @ P11.00 July 15 - Purchases - 275 unites @ P11.75 July 20 - Purchase returns - 50 units @ P11.00 Sales May 20 - Sales 120 units @ P14.00 Selling price per unit • June 30 - Sales - 55 units @ P15.00 Selling price per unit Sept. 17 - Sales 250 units @ P16.00 Selling price per unit The Company uses the weighted average method in themeasurement of its inventories (Periodic).