The following information was taken from the accounting records of Tampa Roofing Company for the year ended 2022: Invent
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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 TOTAL 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 weighted average method, how much is the weighted average unit cost to be applied to cost of goods sold and ending inventory for the period? Round to two decimal places.
The following information was taken from the accounting records of Tampa Roofing