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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 (52.41 KiB) Viewed 12 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 Goods Available for Sale Ending Inventory UNITS 60 Goods Sold During the Year 200 100 40 P15.00 UNITS P10.00 150 P12.00 235 50 435 ? UNIT COST P15.00 P10.00 P12.00 Using specific identification method, if the merchant sold the following: UNIT COST 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?