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The following information was taken from the accounting records of Tampa Roofing Company for the year ended 2022: Invent
Posted: Tue Jul 05, 2022 11:22 am
by answerhappygod
- The Following Information Was Taken From The Accounting Records Of Tampa Roofing Company For The Year Ended 2022 Invent 1 (49.15 KiB) Viewed 13 times
The following information was taken from the accounting records of Tampa Roofing
Company for the year ended 2022: Inventory, January 1 Purchased April 1 Purchased August 15 Ending Inventory Goods Available for Sale 435 UNITS Goods Sold During the Year 200 60 100 40 UNITS UNIT COST TOTAL COST 150 P15.00 235 P10.00 50 P12.00 UNIT COST Using specific identification method, if the merchant sold the following: P15.00 P10.00 P12.00 P2,250.00 2,350.00 600.00 P5,200.00 Using the same information on number (35), using the FIFO method, how much is the cost of goods sold?