The following information was taken from the accounting records of Tampa Roofing Company for the year ended 2022: Invent
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
The following information was taken from the accounting records of Tampa Roofing Company for the year ended 2022: Invent
Company for the year ended 2022: Inventory, January 1 Purchased April 1 Purchased August 15 Goods Available for Sale Ending Inventory UNITS 60 Goods Sold During the Year 200 100 40 UNITS P15.00 150 P10.00 235 P12.00 50 435 UNIT COST ? UNIT COST P15.00 P10.00 Using specific identification method, if the merchant sold the following: P12.00 TOTAL COST P2,250.00 2,350.00 600.00 P5,200.00 ? Using the same information on number (35), using the LIFO method, how much is the ending inventory?
The following information was taken from the accounting records of Tampa Roofing